ESG comes undone — BlackRock, JP Morgan abandon “Climate Action 100+”
The biggest climate bullies on the planet just got a bit smaller. There are two monster climate banker clubs in the world, and yesterday, one of them, the “Climate Action 100+” lost three of the six largest asset management funds in the world, namely JP Morgan Chase, State Street and BlackRock.
State Street manages about $3.6 trillion in funds, JP Morgan Chase about $3 or $4 trillion, and BlackRock $10 trillion, so that’s something like $17,000 billion dollars that just left the ranch. The fact that this kind of money was all grouped together in a cabal of any sort is bad enough, but ponder that now, after the biggest fish have left the tank, there’s still $50 trillion left in assets on the inside.
It appears the Climate Action 100+ group had grown too big for its boots — the new Climate Action 100+ “phase 2” strategy expected asset managers to actively hound companies to cut their emission...
https://joannenova.com.au/2024/02/esg-comes-undone-blackrock-jp-morgan-abandon-climate-action-100/
End Times Headline News September 24 2026
World War Over Ukraine Is Back On The Table. Trump vs Xi. Iran Vows To ‘Paralyze’ Regional Airports. Migrant crime COVER-UP. Christians aren’t safe in Canada. Massive UFO’s Seen Over Iran
https://lionessofjudah.substack.com/p/end-times-headline-news-september-18c
On FB very well said…..
I had a conversation in person recently that pretty much sums up the Canadian political divide right now. Not the cartoon version from the news... the quiet, everyday one we've all had with friends, or family.
It started predictably of course. The usual labels tossed out like confetti (xenophobic, homophobic, transphobic, bigot, Maple Maga). Because apparently if you question a policy, you must secretly hate the group it’s supposed to help.
And this little exchange laid it out for me.
For a lot of modern liberals, politics seems to be less about what actually happens and more about looking compassionate. Slap the right moral sticker on a policy "help the marginalized! Expand programs! Signal virtue!" and you're golden.
Ask whether it works in practice? Ahhh... suddenly you’re the bad guy with a heart of stone.
Their world is simple... you’re either “for people” or “against people.” Intentions are everything and results are optional.
In that framework, a policy ...
Carney got his hands on the CPP somehow !
The Canada Pension Plan Investments Board (CPPIB) and Brookfield on Tuesday launched a $50 billion “Maple Fund” that they say will funnel capital towards critical infrastructure and strategic industries across Canada.
The announcement from the CPPIB, which manages the investments in the Canada Pension Plan, and investment management firm Brookfield was one of the main funding projects that came out from a recent two-day investment summit hosted by Carney and the premiers.
With the Canada Pension Plan playing a central role in many Canadians’ retirement planning, many may be wondering what this decision means for their retirements.
What is the Maple Fund?
The Maple Fund will operate as an investing framework to provide funding for specific projects, and will include up to $25 billion each from the CPPIB and Brookfield over a five-year timespan.
The fund is focused on complex large-scale projects that each require significant upfront resources and development capabilities, and a ...
