Oh look! A cartel of investors seeking to penalize companies that don’t submit to fake global warming dogma just lost 5 huge investment managers - BlackRock, Invesco, JP Morgan, Pimco and State Street
Oh look! A cartel of investors seeking to penalize companies that don’t submit to fake global warming dogma just lost 5 huge investment managers - BlackRock, Invesco, JP Morgan, Pimco and State Street
From here: The departure of five US asset giants from Climate Action 100+ assessed (citywire.com)Peter’s Newsletter is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. “Morningstar’s Lindsey Stewart weighs in on the decisions of BlackRock, Invesco, JP Morgan, Pimco and State Street to leave the initiative.”
Haven't finished reading all links, however, this paragr from 2023 pwc report stands out like a sore thumb, reminds me of three univ. presidents that were barely or hardly qualified, two had to go, yes?
5. Standing up to intensifying scrutiny
Sixty percent of asset managers believe environmental, social and governance (ESG) expertise will be essential for their portfolio management team in today’s market—although the right talent has become increasingly difficult to find. Beyond this, the growing spotlight on AWM’s power over the economy prompts fundamental questions about such organisations’ purpose and relevance.
Blackrock is sometimes credited as managing 30 trillion plus. I’d certainly think that they were in that category. But they are scum and the sooner their trillions are removed from them the better.
Haven't finished reading all links, however, this paragr from 2023 pwc report stands out like a sore thumb, reminds me of three univ. presidents that were barely or hardly qualified, two had to go, yes?
5. Standing up to intensifying scrutiny
Sixty percent of asset managers believe environmental, social and governance (ESG) expertise will be essential for their portfolio management team in today’s market—although the right talent has become increasingly difficult to find. Beyond this, the growing spotlight on AWM’s power over the economy prompts fundamental questions about such organisations’ purpose and relevance.
Maybe good old fashioned survival and greed will be the saving of us yet
Blackrock is sometimes credited as managing 30 trillion plus. I’d certainly think that they were in that category. But they are scum and the sooner their trillions are removed from them the better.