Japan's Tokio Marine Asset exits net-zero alliance after BlackRock

Industry climate initiative loses steam amid Trump rollbacks

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Industry-based alliances working toward reaching net-zero emissions face headwinds as the Trump administration rolls back climate initiatives. © Reuters

OKI HIDAKA and HARUKI KITAGAWA

TOKYO -- Tokio Marine Asset Management left an environmentally focused investor group at the end of February, Nikkei has learned, marking the first exit by a major Japanese player amid growing headwinds on global efforts to combat climate change.

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