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/
This article is from Red Deer's NDP rag. Love how he is doing his town halls in small communities and the first ones are all large ones. How many will show up in small communities?
https://www.reddeeradvocate.com/local-news/this-thing-is-such-a-sham-alberta-ndp-leader-slams-alberta-next-panel-8137083
Did anyone here watch the town hall from Edmonton last night? I watched the first from Red Deer on X and attempted to watch last night on FB but the hecklers and comments pissed me off so quit watching. after about 15 minutes. They are sure a different bunch north of me and I don't say that in a positive way from what I heard. I am sure Ganum will have something to say negative as he didn't watch from Red Deer but had lots to say.
