Investment giant BlackRock Inc. announced a series of moves Tuesday to address risks related to climate change, following criticism from investors and advocacy groups for investing in fossil fuels and allegedly being slow to act on green issues.
The world’s largest money manager, with around $7 trillion in assets under management, will expand its range of sustainable investment products and disclose more details of its climate-change conversations with the companies in which it invests.
Mr Fink! Thinking fearlessly uclaanderson thinkfearlessly
Great job by the BlackRock PR team making this seem like principle. But to anybody who follows energy it’s just dollars. Coal usage is plateauing. After that it’s a shrinking market. The clever thing about their approach: it gives them cover to liquidate before everyone else.
Adios..
🤣 They've already pillaged all the Profits from those Companies.
Tzeporah Its a good start, but they have to take this all the way.
Valid8t1 Not enough but a start. No Bandaids
foe_us let's see
Action2getherNJ Given clear & compelling evidence of Climate Change one sees everyday, stance of Conservatives worldwide is incomprehensible. Assume for a sec. that human activity had no influence on why we are where we are (which is false), why make it worse by inaction? Greed blinds them!
Watch the companies adjust their coal revenues to hit 24.50%.
deray Only now?! That makes me question their judgment over the past several decades on this.
davidfrum What is 'thermal coal'? What is 'coal production'?
AllResistNews I'd wait & watch in the long and short views. They've must have taken a hit so wait a bit and verify the hell out of future comments & ACTIONS
I don't believe it. Let's take their 7 trillion and put it towards climate change.
Elites/bankers have bankrupted coal mines...WE still NEED COAL/Oil; electricity IS NOT an energy source!! Climate activists will be the 1st to bitch w/o internet or a/c or gasoline..
How many companies fit that description?
davidfrum It’s in their name for Pete’s sake.
WokeCapitalism
davidfrum Humorous ... guess he won't be steering investment into the emerging Hydrogen economy any time soon! Cc POTUS
This is the much talked about very dangerous position we are in when so few money managers custody the bulk of our assets. They start governing with our money.
foe_us When they stop supporting gas production I'll be impressed
This is the much talked about very dangerous position we are in when very so few money managers custody the bulk of our assets. They start governing with our money.
Don't worry they will be replaced
Who's on the other side buying their investments? 🤔
For Gods sake, if your working in coal today, start planning your exit! The end is near, protect yourself.
fight_goddess I can't wait to hear what Douchebag McTrump have to say about this! This is certainly a slap in the face in some respects to Trump and his climate change deniers, particularly in the fossil fuel and coal industries.
Then their own ESGs become more profitable. Cool idea.
Such smart people so stupid.
Just sit back and watch.. now that the largest investment firm shifts $7 trillion into climate change... suddenly the GOP will believe scientists over Oil and Coal companies.
GOOD all investment managers and firms should follow suit and save our planet
davidfrum seems like a high bar to limbo under...
Crazy...
davidfrum Well, it's a start.
This decade will bring out the rise of moral capitalism, without that much government regulation
davidfrum But it's 'beautiful clean coal'
Why not 0% fossil fuel revenues? blackrock BlackRockDE
So if enough money managers refuse to invest in coal then one can likely earn outsized returns by investing in coal?
davidfrum Lotta attempted coal mergers into larger non-coal corporates may be upcoming to get under the 25% limbo bar.🤔
When a company called 'BlackRock' exits from coal...you know we're in deep trouble.
Not buying it it’s either a tip for the elite to invest in coal or coal mining projects or its to do with their expansion into cryptocurrency?
jonsindreu Follow the money. If the money men have concerns, be assured it's a real concern.
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