"Major Banks Exit $68 Trillion UN Climate Alliance, Prompting Victory Lap from Judiciary Chair"

TL;DR Summary
House Judiciary Chair Jim Jordan celebrates as major U.S. banks, including JPMorgan Chase and BlackRock, withdraw from the $68 trillion Climate Action 100+ investor group, citing concerns about left-wing politics influencing investment decisions. Jordan's committee has been investigating potential antitrust violations by financial institutions and nonprofit climate groups, issuing subpoenas to BlackRock and State Street. The banks' departure is seen as a win for capitalism and freedom, while activists and Climate Action 100+ maintain their commitment to managing climate risk and preserving shareholder value.
Topics:business#antitrust-investigation#banks#climate-action-100#climate-alliance#jim-jordan#politics
- Judiciary Chair Jim Jordan does victory lap after massive banks exit $68 trillion UN climate alliance Yahoo News
- An ESG Asset Manager Exodus - WSJ The Wall Street Journal
- JPMorgan, State Street quit climate group, BlackRock steps back Reuters.com
- JPMorgan Chase, BlackRock drop out of massive UN climate alliance in stunning move Fox Business
- BlackRock, JPMorgan and State Street Retreat From a Climate Group The New York Times
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