Dimon, Fink And The Rise Of “climate Pragmatism”

Justin Worland, Time: Business
Sat, 04/20/2024 - 12:06pm

Financial institutions play a central role in setting the course of climate action, underwriting clean energy projects around the globe. They also help determine which fossil fuel projects continue to be built. This central role has placed financial institutions in the middle of the culture wars. Depending on whom you ask, these big banks and asset managers are either engaged in a form of green wokeism, placing environmental concerns ahead of returns, or callously abandoning their climate commitments in pursuit of a quick profit. [time-brightcove not-tgx=”true”] This year’s letters to shareholders from JP Morgan Chase CEO Jamie Dimon and BlackRock CEO Larry Fink show how big financial institutions are trying to manage the challenge.

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Dimon, Fink And The Rise Of “climate Pragmatism”

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