BlackRock lost $90bn investing in fossil fuel companies, report finds

BlackRock, the world’s biggest investor, has lost an estimated $90bn over the last decade by ignoring the serious financial risk of investing in fossil fuel companies, according to economists.

Imagine how much research on renewable energy that kind of money will fund! The future’s coming guys! It’s coming up fast!

How does a company lose $90B and still have enough $ to stay in business.

Good.

The fund is $6.5Tn dollars. Losing $0.01Tn dollars over a decade - I'm assuming the 'Institute for Energy Economics and Financial Analysis' is a climate alarmist outfit. Are the numbers truthful? (IEEFA) Losing $90,000,000,000.00 dollars. Is that 0.09% ? Hmmmm.

How did they do that,would be a good material for an Operation Manual.

Clear signal that renewables is the way forward.

So, that's why they need us to give them hand outs. Their bad investments. Funny how the rest of us have to live with our mistakes.

We need to know. How much will we have to pay for the bail out?

That could have been a lot of solor panels with a much better return on investments.

Don’t worry. I’m sure the average American taxpayers will subsidize those losses.

You hate to see it.

SierraClub Aww, that's too bad.

SierraClub 😂😂😂😂😂😂😂😂😂

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