Net Zero Asset Managers Group “in Tatters” After BlackRock Exit

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We can't stop giggling. Last Friday, MDN brought you the news that the world's largest investment firm, BlackRock, announced it had canceled its membership and participation in the Net Zero Asset Managers (NZAM) initiative (see World’s Largest Investment Firm, BlackRock, Dumps Net-Zero Club). NZAM is closely aligned with global efforts to address so-called climate change, including those supported by the United Nations. Now comes word less than a week later that NZAM has "suspended activities" and removed not only its mission statement but the entire list of firms that are members of the group. The organization is reported to be "in tatters."

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