Author name: Giorgio Michalopoulos and Stefano Valentino

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.

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

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.