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Winning. Pulling out of the phony Climate Alliance. More to come?

Rep. Jim Jordan, R-Ohio, chair of the House Judiciary Committee, has led an investigation into major banks and nonprofit climate groups over their coordination on net-zero ambitions. Al Drago/Bloomberg via Getty Images © Al Drago/Bloomberg via Getty Images

Winning. Pulling out of the phony Climate Alliance. More to come?

JP Morgan Chase, the world’s largest bank, and State Street Global Advisors, an institutional investor with $3.5 trillion in assets under management, withdrew from the so-called Climate Action 100+ investor group. At the same time, Black Rock, which has more than $10 trillion in assets under management, dramatically scaled back its involvement in the alliance. Does my heart good.