JPMorgan, State Street Leave Biggest Climate-Investor Group (2024)

The world’s largest investor group formed to fight climate change suffered a blow when two of the industry’s biggest money managers left the coalition.

JPMorgan Asset Management and State Street Global Advisors said Thursday they’re withdrawing from Climate Action 100+. The investor group, which boasts more than 700 investor signatories, was created to pressure oil giants such as Exxon Mobil Corp. and BP Plc to decarbonize their operations.

JPMorgan, State Street Leave Biggest Climate-Investor Group (2024)
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