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 Blackrock, JPMorgan Chase, and asset manager State Street have withdrawn from Climate Action 100+.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.