JPMorgan Chase, BlackRock, State Street drop out of massive UN climate alliance in stunning move

Fox Business via MSN ^ | 02/15/2024 | Thomas Catenacci

[thinden]

wary inkterestink

[MrRelevant]

Hurting other businesses thats all. Priorities, priorities.

[nitzy]

Here is how this goes…

The wokies now say these institutions are racist and irresponsible and need to be taken over by the government.

[dadfly]

humm. guess they watched and noted who they were supporting in the Steyn climate trial of the century, too.

[vivenne]

Probably more about the $$$. Climate BS and wokeness, as it turns out, is not that profitable. They are money guys first and ideologues last.

[EEGator]

Ponzi schemes are very profitable for those in early.

[arthurus]

Dtarting to hit their investors’ bottom lines. Investors not having proper social consciousness are mad and de-investing.

[xoxox]

now Pocahontas <3 bitcoin.

Didn’t Dimon testify in Congress that “Bitcoin is a tool for criminals”?

[sauropod]

Something else.

[smokingfrog]

If the crypto miners can be forced to buy carbon credits, I can see how the greenies might support it. But if crypto currency can easily used to hide illicit income, the government will oppose it. Current policies for crypto are still kind of up in the air.

https://www.federalreserve.gov/newsevents/pressreleases/bcreg20230127a.htm

[Vaduz]

JPMorgan Chase and BlackRock found out that only the committee leaders get the big returns in the cash flow?.

[Miguk]

Tinfoil Hat Alert.

Reporting and Transparency issues that would force these investment entities to publicly release their bottom line, for the whole world to see and peruse, or keep their business in-house and avoid such pesky legalities?

Would being under the auspices of the UN open these investment houses up to increased scrutiny by world economic entities and force them to be more "transparent" than if they had their own organization in-house, that was only beholden to shareholders, their in-house counsel(s), and their select US government entities/Soros/EU masters?

By taking these actions/reporting, out of the public eye, by leaving these international entities, what are they trying to hide? Hide then? Hide now? Hide in the future?

Never trust bad actors/entities/corporations, to do the "right thing" for the right reasons. Ever.

[voicereason]

Not surprised about JP Morgan. Jamie Dimon seems to be getting less and less tolerant of nonsense like this.

[PeterPrinciple]

it would exit the so-called Climate Action 100+ investor group because of the expansion of its in-house sustainability team and the establishment of its climate risk framework in recent years.

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not stopping, in house. must be a reason.

[PeterPrinciple]

https://news.bloomberglaw.com/antitrust/jpmorgan-asset-management-quits-68-trillion-climate-group-1

Climate Action 100+ faces increasing political pressure in US

Jim Jordan has gone as far as calling CA100+ an ‘ESG cartel’

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[xoxox]

plawsible.