Cracks In the Climate Change Narrative? Blackrock Quits Net Zero Asset Management Initiative
By AG Staff
January 10, 2025

Asset Managers (NZAM) Initiative and its efforts to cut so-called greenhouse gas emissions to zero by the year 2050 or sooner.

Blackrock, which manages $11.5 trillion in assets, joins a growing number of firms who are walking back their support for climate and Environmental, Social and Government (ESG) commitments.

According to Reuters, NZAMI has garnered more than 325 signatories that manage more than $57.5 trillion in assets, all of whom have pledged to support the goal of net zero greenhouse emissions by 2050 through various environmental initiatives.

According to Reuters, a number of major Wall Street lenders have left a similar climate organization for banks in the weeks ahead of President-elect Donald Trump’s return to the White House and Republicans taking control of Congress.

Trump has been openly critical of ESG investing and has voiced skepticism of Electric Vehicles (EVs) and environmental rules that are blocking the creation of new energy and infrastructure projects.

Rep. Jim Jordan (R-OH) who chairs the House Judiciary Committee, called the move by Blackrock “a huge win for freedom and American prosperity.”

.....

https://amgreatness.com/2025/01/10/crack...ent-initiative/


Sorry Jim, IMHO this merely a re-branding to deflect criticism:

“Alex Edmans, who teaches at London Business School… proposing the term “rational sustainability.” It may be bland, he said, but sustainability is about producing long-term value—and that’s hard to politicize”

https://www.esgprofessionalsnetwork.com/...sustainability/

IMHO the use of ‘sustainability’ is a red flag.

@Cincinnatus