This story was originally published by The Guardian and is reproduced here as part of the Climate Desk collaboration. BlackRock, the world’s biggest investment fund manager, has threatened to sell shares in the worst corporate polluters in a bid to support the goal of net zero carbon dioxide emissions by 2050. Larry Fink, BlackRock’s chief executive, said the investor would ask companies whose shares it holds to disclose their plans to achieve net zero emissions.
Blackrock Threatens To Shed Some Of Its Massive Fossil Fuels Portfolio
Piper McDaniel, Mother Jones
Tue, 01/26/2021 - 5:26pm
Topics: climate desk larry fink fink s ceos december fink i york city york s bill blasio part blackrock owns environmental gaurav madan friends earth this the guardian blackrock fink blackrock s the shed portfolio fossil fuels companies net world funds shares investment role divest holdings pandemic pledge emissions assets clients support percent improve including change worth coal vast investors biggest gas existential pension forcefully investor thermal managed significant bad manager goal worst holds polluters decision focus increased threat global confront account crisis driven activists presented bonds oil
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