BlackRock’s Larry Fink Shifts Fund’s Investment Strategy To Address Climate Change

to CEO’s 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

Short BlackRock, long Bitcoin.

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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. 😉
Fonte: cnnbrk - 🏆 393. / 55 Consulte Mais informação »

What to watch today: Earnings kick off, Fink warns on climate change and Democrats debateU.S. stock futures are pointing to a steady Wall Street open, following record closes for the S&P 500 and Nasdaq.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »