West Virginia Attorney General Patrick Morrisey on Thursday said JPMorgan Chase made the right decision to withdraw from the largest investor coalition focused on convincing the corporate world to act on climate change—Climate100+.
The Attorney General continues to be front and center in taking actions against so-called Environmental, Social and Governance (ESG) investment practices. He has led coalitions in challenging these practices to saddle American businesses and investors with crippling ESG-related requirements. And back in March 2023, Attorney General Morrisey joined a coalition of attorneys general in urging JPMorgan and other investment advisors to withdraw from Climate Action 100+ and similar groups.
“It has always been my position that investment firms should only consider the economic value of investments, not work to advance Biden’s far left woke climate change agenda,” Attorney General Morrisey said. “This administration will stop at nothing, even dictating terms to Wall Street, to further Biden’s radical climate agenda and so-called diversity measures at the expense of hard-working American investors.”
“I’m encouraged to see that at least some are finally listening," the Attorney General continued. “We will continue to fight this for as long as it takes.”
JPMorgan’s announcement Thursday comes alongside a similar announcement from State Street Corporation that it, too, would be withdrawing from the group.
Original source can be found here.
