No. of Recommendations: 2
Nothing is going to stand in the way of our greed.
More Wall Street Firms Are Flip-Flopping on Climate. Here’s Why.Financial giants were already trimming their climate pledges amid Republican attacks. Then came concerns about legal risks.
In recent days, giants of the financial world including JPMorgan, State Street and Pimco all pulled out of a group called Climate Action 100+, an international coalition of money managers that was pushing big companies to address climate issues.
Wall Street’s retreat from earlier environmental pledges has been on a slow, steady glide path for months, particularly as Republicans began withering political attacks, saying the investment firms were engaging in “woke capitalism.”
"woke capitalism". How effing stupid. Fiddling while Rome burns.
nytimes.com - Climate blackrock state street jpmorgan pimco 