JP Morgan has officially left a $68 trillion investor coalition that is 'focused on pressing the world's biggest emitters of greenhouse gases to decarbonize,'
We have been covering the full on implosion of ESG and 'green' investing for the better part of the last 6 months and today, the wreckage continues. That's because mega-bank JP Morgan has officially left a $68 trillion investor coalition that is 'focused on pressing the world’s biggest emitters of greenhouse gases to decarbonize,' according to Bloomberg. In other words, the 'fight' to decarbonize is imploding.
As the initiative enters a more proactive stage, asking members to ensure companies transition from plans to tangible emission reductions, the heightened activist stance poses additional difficulties for investors wishing to keep a lower profile in climate advocacy.
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