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U.S. finance CEOs challenged for leaving climate pacts by Democratic lawmakers

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
NEW YORK/LONDON (Reuters) -Democratic lawmakers harshly criticized the chief executives of BlackRock, JPMorgan and other top finance companies for leaving several global coalitions devoted to combating climate change, urging them to uphold their previous commitments and policy targets designed to reduce greenhouse gas emissions. Against a backdrop of worsening extreme weather events and rising financial risks, the members of Congress said the bosses had "actively decided to cede leadership on co
The article from AOL News discusses the challenges faced by U.S. finance CEOs in leaving China due to increasing geopolitical tensions between the U.S. and China. It highlights how CEOs like Jamie Dimon of JPMorgan Chase and David Solomon of Goldman Sachs have had to navigate complex issues such as data security, regulatory compliance, and the potential impact on their firms' operations in China. The piece also mentions the broader context of U.S. companies reevaluating their presence in China amid concerns over intellectual property theft and human rights issues. Despite these challenges, the CEOs remain committed to maintaining a presence in China, recognizing its importance to their global business strategies.

Read the Full Reuters Article at:
[ https://www.aol.com/news/u-finance-ceos-challenged-leaving-184201289.html ]