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 😂😂😂😂😂😂😂😂😂

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Eco-activists targeting fossil fuel firm barricade offices of green energy company by mistakeClimate change activists chained themselves to the wrong building in the City of London after failing to realise the fossil fuel company they wanted to disrupt had moved address last year. سالفه هاي😂 🤣🤣🤣🤣🙄🙄🙄🤦🏻‍♂️🤦🏻‍♂️🤦🏻‍♂️
Source: The Telegraph - 🏆 41. / 63 Read more »

Face of Uncle Joe's Mint Balls never existed, company bosses discoverThe boiled sweets, first made in the kitchen of a Victorian terraced house, are today known around the world, from America to Japan, and beyond. But his mint balls live on.
Source: Daily Mail Online - 🏆 135. / 51 Read more »

UK company insolvencies rise to highest level in five yearsBusiness group FSB warns no-deal Brexit could cause another spike in insolvencies Oops 🙊
Source: The Independent - 🏆 80. / 59 Read more »

Bolshoi Ballet at Royal Opera House is blockbusting business as usual for celebrated Moscow company – reviewFrom the leads to the corps de ballet, there’s a shared certainty about this company, a power without strain I would love to see this just once. But this sort of thing is inaccessible and unaffordable to me and indeed most people.
Source: The Independent - 🏆 80. / 59 Read more »