Wall Street giants and oil majors continue to roll back support for climate action
Amid a slew of bleak developments in the corporate world recently, it is worth asking whether the E in Environmental, Social and Governance is becoming something of a dead letter. It certainly looks that way.
Last week, analysts at JPMorgan Chase warned that the world needs a “reality check” on climate targets, arguing that efforts to reduce the use of fossil fuels had been set back by post-pandemic inflation, higher interest rates and geopolitical upheaval.
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