JP Morgan Pulls Out Of $68 Trillion “Climate Action 100+” Group

“We have been covering the full on implosion of ESG and “green” investing for the better part of the last 6 months and today, the wreckage continues. That’s because mega-bank JP Morgan has officially left a $68 trillion investor coalition that is “focused on pressing the world’s biggest emitters of greenhouse gases to decarbonize,” according to Bloomberg. In other words, the “fight” to decarbonize is imploding.”

https://www.zerohedge.com/markets/jp-morgan-pulls-out-68-trillion-climate-action-100-group

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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