to CEOs that the fund will refocus investments on more sustainable options and less on those impacting climate change, like coal, after critics said the fund was slow to adopt environmentalism as part of its strategy.
“Companies, investors, and governments must prepare for a significant reallocation of capital,” Fink wrote, adding that the climate crisis is a longer term issue for business than historical problems with inflation or the global recession of the ’00s. BlackRock, wrote Fink, will start introducing funds that do not include fossil-fuel-related stocks and vote against management teams it feels are not making progress on sustainability as well as put pressure on companies to operate in a way that fulfills the Paris Agreement.reported that BlackRock’s sustainability move could prove pivotal in spurring action against climate change, since the mega-investor is making the issue a central part of its investment strategy.
Both Fink’s letter—and BlackRock’s new direction—are following criticism from climate activists, members of Congress and British money manager Christopher Hohn, who called BlackRock’s previous environmental efforts
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BlackRock’s Larry Fink Shifts Fund’s Investment Strategy To Address Climate Change“The evidence on climate risk is compelling investors to reassess core assumptions about modern finance.” Short BlackRock, long Bitcoin.
Source: Forbes - 🏆 394. / 53 Read more »
Larry Fink: Risks from climate change are bigger than the 2008 financial crisis with no Fed to save usBlackRock will put 'sustainability at the center of our investment approach,' said CEO Fink, including everything from portfolio construction to launching new investment products that screen fossil fuels. JoeSquawk SquawkCNBC Joe is like Trump, always has to have the last word and is a real ass. Please quit being so aggressive Joe, even your fans are bothered by your antics. Cannot believe I feel for Andrew. 🤔 Larry Fink has totally lost it. Totally buying in on the fake news, fake science on climate change. I will not listen to him anymore. No one can save us now. climatechange globalwarming
Source: CNBC - 🏆 12. / 72 Read more »
BlackRock's Larry Fink: Risks from climate change are bigger than the 2008 financial crisis with no Fed to save usBlackRock CEO Larry Fink used his annual letter to the world’s biggest companies to warn of the financial risks of climate change. “I do believe many of these problems could be solved. But the actions have to begin now.” Independent_ie DylanRatigan full video: Are we about to have some fun yet ? Me thinks Joe doth protest too much.🌎 Larry Fink - owns THREE Homes (Manhattan, Vail, Salem) and his Company BlackRock is the 'largest investor in weapons manufacturing (2018). Hypocrite - Pied Piper. Climate Change? Give us a break. twitter replete with Blue Checkmarks slobbering - 'selling' narratives today:
Source: CNBC - 🏆 12. / 72 Read more »
BlackRock’s Larry Fink Shifts Fund’s Investment Strategy To Address Climate Change“The evidence on climate risk is compelling investors to reassess core assumptions about modern finance.” Short BlackRock, long Bitcoin.
Source: Forbes - 🏆 394. / 53 Read more »
BlackRock is changing its investment strategy because of climate changeBlackRock, the massive asset manager in charge of $7 trillion, will ditch investments that it considers a sustainability risk, including thermal coal producers And still find excellent quality stocks that do.... So they are selling all their China investments then? Yea right. BlackRock is no dummy. Trump treats his voters as dummies and fools. If Trump was smart he'd come up with solar programs for folks in Pa, etc. which create employment opportunities. God's sun shines in Phoenix, Miami, Pittsburgh, Charleston, etc. 😉
Source: cnnbrk - 🏆 393. / 55 Read more »