About a month ago, BlackRock Inc. the world’s largest asset manager with $9 trillion in assets under management (AUM), sent shockwaves through the fossil fuel sector after it vowed to double down on climate activism by backing more shareholder resolutions on climate change and social issues in 2021. Around the same time, the $226 billion New York State pension fund and the $5B Rockefeller Brothers Fund announced plans to divest the majority of their fossil fuel investments and also sell shares of other companies that have been actively contributing to global warming. Wall Street banks, some of the biggest backers of the global oil and gas sector, have remained strangely muted as more and more investors demand accountability for their role in climate change. And, none is bigger than JPMorgan Chase (NYSE:JPM). The Wall Street giant is, by far, the leading financier to fossil fuel companies and also […]