Author name: Giorgio Michalopoulos and Stefano Valentino

Launched in 2020, the Net Zero Asset Managers initiative committed its members to “supporting the goal of net-zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5°C.” Over 230 firms signed up to it, including European ones such as Germany’s DWS, the Netherlands’ Robeco, France’s AXA, and Italy’s Eurizon. Some […]

The post Meet the UN-backed ‘green’ investors’ group that invested in fossil fuels appeared first on DeSmog.

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Claim to be verified: BlackRock offers its global clients sustainable investment products, which allegedly exclude fossil fuels. Context: In the first quarter of 2025 only, the world’s largest asset manager invested US$3 billion in fossil-fuel companies through its funds defined as sustainable. BlackRock promotes them with language that is potentially misleading and likely to leave […]

The post BlackRock Pivots from Sustainability Evangelists to Fossil-Fuel Funders appeared first on DeSmog.

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Assume you are an existing JP Morgan (JPM) customer, or you are interested in the bank’s sustainable-investment strategy. Googling the words “sustainable” and “JP Morgan” will bring up a number of blog posts from the JPM website, along with others on specialised media outlets that relay the company’s press releases. One article published on the […]

The post The Reality Behind JP Morgan’s ‘Net Zero’: Billions Flow to Big Oil appeared first on DeSmog.

This post has been syndicated from DeSmog, where it was published under this address.