Massive Asset Manager Goldman Sachs Exits Climate Action 100+ Alliance, Networks Silent

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A massive asset manager abandoned an alliance dedicated to crushing cheap American energy. ABC, NBC and CBS didn’t bother telling their evening viewers.

Goldman Sachs left Climate Action 100+, a gargantuan environmental social and governance (ESG) pressure group, on Aug. 13. However, for three consecutive nights, NBC Nightly News, ABC News’s World News Tonight and CBS Evening News failed to cover the latest trillion dollar asset manager to leave the Climate Action 100+, MRC Business can confirm.

On the evenings of Aug. 13, Aug. 14 and Aug. 15, the Big Three networks showed more interest in a Taylor Swift concert in London than the crippled plan to use trillions of dollars to bring about massive negative changes to Americans’ standards of living.

Coincidentally, Aug. 13 was the deadline for Goldman Sachs and 129 other asset managers to submit specific answers to the House Judiciary Committee on how they plan to pressure companies to abide by the standards of the Climate Action 100+.

In a letter to one of these asset managers, House Judiciary Committee Chairman Jim Jordan (R-OH) and Rep. Thomas Massie (R-KY) cited the agenda of the Climate Action 100+ and demanded to know how the asset manager planned to enact it.

The networks showed no interest in either the efforts of Jordan and Massie or Goldman Sach’s surrender. The evening after Goldman Sachs waved the white flag, NBC Nightly News pondered whether climate change was making dolphins and sea lions sick.

Meanwhile, ABC World News Tonight covered Swift and reported the not-so-groundbreaking news that alcohol isn’t entirely healthy. On Aug. 15, all three networks continued to ignore Goldman Sachs, but did find time to cover Swift in London instead.

Previously, BlackRock, State Street, JP Morgan and Pimco also withdrew from Climate Action 100+, depriving the alliance of trillions of dollars. For at least two nights following these earlier departures, NBC Nightly News, ABC World News Tonight and CBS Evening News kept their viewers in the dark about this news too.

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Shreya Gupta
Shreya Gupta
Shreya Gupta is an insightful author at The Reportify who dives into the realm of business. With a keen understanding of industry trends, market developments, and entrepreneurship, Shreya brings you the latest news and analysis in the Business She can be reached at shreya@thereportify.com for any inquiries or further information.

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