Cracks form in Wall Street's commitment to green finance

from Republican officials at the state and federal level who've criticized the fund manager for its embrace of green investment strategies that, in principle, disfavor traditional energy sources. Some states have even cut off business ties with the firm over the matter.

"BlackRock even goes so far as to tout its continued investment in fossil fuels — without specific net zero targets or commitments or any plan for a phased transition away from the very investments that increase carbon emissions — as somehow a necessary part of a transition to a green economy," Lander said in a September letter to BlackRock CEO Larry Fink.

Imposing a policy against financing new oil and gas projects would be the “road to hell for America,” Dimon has also said.

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