Name: Significant Shift Away From ESG Goals as BlackRock, JPMorgan Chase Withdraw From Climate Group
Uploaded: 2024-02-22T17:17:03.000Z
Description: A big setback has hit the Environmental, Social, and Governance (ESG) movement, with major banks and investment giants leaving a global climate club. Blackrock, JPMorgan Chase, and asset manager State Street have withdrawn from Climate Action 100+.

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A big setback has hit the Environmental, Social, and Governance (ESG) movement, with major banks and investment giants leaving a global climate club. Blackrock, JPMorgan Chase, and asset manager State Street have withdrawn from Climate Action 100+.

NTD spoke to Kevin Stocklin, a reporter for The Epoch Times and the producer of the documentary "The Shadow State," who says the development is a significant shift in the trend of investors walking away from ESG initiatives—and that more money could start flowing to primary industries such as oil and gas development.

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