"Financial Giants Withdraw from Climate Group Amid BlackRock's Reduction"

JPMorgan Asset Management and State Street Global Advisors are leaving Climate Action 100+, while BlackRock is scaling back its participation, dealing a blow to the group's efforts to pressure companies on climate issues. The departures reflect a growing divide between US-based asset managers and their European counterparts on climate initiatives. The moves come amid increasing scrutiny from Republicans and state actions against financial firms involved in climate-related efforts, with allegations of unlawful coordination within Climate Action 100+.