By Jo Nova
A few years ago they were all going to save the world from the sixth mass extinction, but now they just want to avoid an anti-trust suit.
Such is the phase change of the Trump win, the largest banks in the USA, JP Morgan and Morgan Chase have now joined Goldman Sachs, Wells Fargo the Bank of America, and Citigroup.
Six big US banks quit net zero alliance before Trump inauguration
The Guardian
Analysts have said the withdrawals are an attempt to head off “anti-woke” attacks from rightwing US politicians, which are expected to escalate when Trump is sworn in as the country’s 47th president in just under a fortnight.
The giant super-squid of asset management is also thinking of leaving the UN Net Zero Alliance.
BlackRock may exit woke business climate group Net Zero Alliance as backlash over ESG investing widens
By Charles Gasparino, New York Post
BlackRock — which for years has courted controversy with its focus on so-called ESG, or Environmental Social Governance investing — is considering an exit of the so-called “Net Zero” coalition of top corporations who pledge to reach zero-carbon emissions by 2050, […]
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