From JoNova
A few years ago they were all going to save the world from the sixth mass extinction, but now they just want to avoid an anti-trust suit.
Such is the phase change of the Trump win, the largest banks in the USA, JP Morgan and Morgan Chase have now joined Goldman Sachs, Wells Fargo the Bank of America, and Citigroup.
Six big US banks quit net zero alliance before Trump inauguration
The Guardian
Analysts have said the withdrawals are an attempt to head off “anti-woke” attacks from rightwing US politicians, which are expected to escalate when Trump is sworn in as the country’s 47th president in just under a fortnight.
The giant super-squid of asset management is also thinking of leaving the UN Net Zero Alliance.
BlackRock may exit woke business climate group Net Zero Alliance as backlash over ESG investing widens
By Charles Gasparino, New York Post
BlackRock — which for years has courted controversy with its focus on so-called ESG, or Environmental Social Governance investing — is considering an exit of the so-called “Net Zero” coalition of top corporations who pledge to reach zero-carbon emissions by 2050, The Post has learned.
BlackRock’s likely departure is more significant [than all the other banks]. The world’s largest investment fund, with more than $10 trillion in assets under management, was a leader in ESG investing, with its top executives including Fink evangelizing on the need to use the company’s investing might to force corporations to reduce their carbon footprint.
Mum’s the word:
BlackRock press officials declined comment. A rep for State Street and JPMorgan didn’t return a call for comment. A press official for the alliance declined to comment.
Their lawyers will have beaten them into silence. If the world is facing a crisis they look like cowards, and if the world isn’t facing a crisis they look like crooks for abusing clients funds for ideological quests or worse, traitorous sell-outs to the global oligarchs.
As I said, the Net Zero Banking Alliance was the UN-banker cabal that were colluding to use $130 trillion dollars in assets to bully the first world into sabotaging their economies by buying expensive, unreliable Net Zero electricity. It was dangerously close to being a proto World Government. The club effectively could decide national policies on who could build competitive electricity grids, and who had to do the fantasia plan to control the storms of 2100 with their electricity grid in 2024.
They wouldn’t be jumping ship if Kamala had won.
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