"Major Financial Firms Withdraw from Climate Group, Sparking Greenhushing Trend"

BlackRock, JPMorgan Chase, and State Street are withdrawing or reducing their involvement with Climate Action 100+, a global investment coalition focused on pushing companies to decarbonize. This move represents a nearly $14 trillion exit from the organization, sparking political reactions. The companies cite concerns over the coalition's shift in focus and potential legal considerations, with JPMorgan building an in-house sustainable investment team and BlackRock transferring its membership to an international entity while maintaining some ties to the coalition.