"Eli Kasargod-Staub, the executive director of Majority Action, a nonprofit in Washington focused on responsible investing .... called BlackRock’s move 'heinous risk mismanagement' that shows it views climate action as 'optional window-dressing.'"
This week JPMorgan Asset Management and State Street Global Advisors announced they're leaving the world’s largest investor group formed to fight climate change. Could this be a sign that money managers are growing fearful of anti-ESG backlash?
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