News Formal

Cracks form in Wall Street's commitment to green finance

  • 📰 dcexaminer
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 94%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Wall Street's support for an aggressive transition to green energy is showing its limits as some of the largest firms face pressure to ease off their voluntary green financing commitments or weigh walking back on climate pledges altogether.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Good

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market News: Dow Futures Rise After Bank of America EarningsFutures rose after Bank of America's earnings, and investors cheered the U.K.'s U-turn on economic policies. Follow our live markets coverage.
Source: WSJ - 🏆 98. / 63 Read more »

As market volatility persists, Wall Street analysts say to sell these stocksCNBC Pro screened almost 1,500 large and mid-cap global stocks and found a number of major companies with sell or underweight ratings. So buy then… Crap, looks like that's a Pro article and a subscription is required. Maybe someone accidentally sent it from this account? So buy Pro and get 3 picks….not
Source: CNBC - 🏆 12. / 72 Read more »