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

1 min read
Source: Yahoo News
"Major Banks Exit $68 Trillion UN Climate Alliance, Prompting Victory Lap from Judiciary Chair"
Photo: Yahoo News
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.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

5 min

vs 6 min read

Condensed

93%

1,13584 words

Want the full story? Read the original article

Read on Yahoo News