AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
FT News Briefing
Asset managers cool on climate group
Feb 16, 2024
The European Commission's push for military enhancement sparks crucial discussions about defense needs. Notably, major asset managers like JPMorgan and State Street are exiting a climate-focused investor group, raising eyebrows about corporate commitment to sustainability. Meanwhile, big food companies explore innovative farming practices that could sequester carbon but face numerous obstacles. Additionally, the cocoa market is experiencing a price surge due to supply issues, attracting hedge fund investors like never before.
11:43
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- European Commission President proposes incentivizing defense production within the EU to strengthen military capabilities.
- JP Morgan, State Street, and BlackRock are distancing themselves from Climate Action 100 Plus due to conflicting legal obligations and pressure on companies to change their business models.
Deep dives
Boosting the Bloc's Military
European Commission President Ursula Lavondarlyan proposes ramping up production and consolidation in the bloc's defense industry. The EU is exploring incentives to support joint contracts for weapons between member states. The move is prompted by increased military spending in response to Russia's invasion of Ukraine.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode