Giorgio Michalopoulos is a freelance journalist and PhD student in economics at the Federal University of Minas Gerais, Brazil. He collaborates with several Italian newspapers, including Valori.it, and is coordinator of the Kritica Economica project, an online magazine of pluralist economic debate.
Despite having pledged to reach net-zero emissions, major members of Net Zero Asset Managers hold billions of dollars' worth of fossil-fuel stocks, including those in “carbon bomb” projects, while marketing their funds as green and sustainable.
Despite claiming a commitment to sustainability, the world's largest investment fund continues to invest heavily in fossil fuels through its “green” funds — prompting accusations of greenwashing.
While promoting “Paris-aligned” green investing, JP Morgan's “green” funds have funneled over $4 billion to the fossil-fuel majors, betraying the firm’s promises and undermining efforts to achieve net zero.
