BlackRock says it expects 75% of company and government assets to be net zero-aligned by 2030

BlackRock on Thursday projected that by 2030 at least three quarters of its investments in companies and governments will be tied to issuers with a scientific target to cut net greenhouse gas emissions to zero by 2050, up from 25 per cent currently.

Setting a 2030 goal is a central requirement for members of the Net Zero Asset Managers Initiative , a sector-wide group of money managers aiming to get to net-zero emissions across their assets. BlackRock joined the NZAMI in March 2021 In Thursday’s statement BlackRock avoided using the word “target”, though, reiterating instead that the pace of change would be determined by the scale of decarbonization in the real economy and clients’ investment decisions.

“The world’s largest asset manager cannot get away with vaguely defined commitments. It must act with urgency, especially with respect to the fossil fuel expansionists in BlackRock’s portfolio that are leading us to climate catastrophe,” she said in a statement. Key to that change would be concerted policy action from governments as well as technological advances to help hard-to-abate sectors decarbonize, it added.

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Federal government paid $20M for Ottawa company's COVID-19 test that floppedSpartan Bioscience created buzz by promising an Ontario\u002Dmade, portable testing cube that it said could detect the novel coronavirus in less than an hour… follow the money..... And which Liberal Party family or friend got rich this time? They should literally all be in jail. I wonder who the directors of this company voted for?
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