Activists cheer BlackRock’s landmark climate move but call for vigilance

Divestment decision by the world’s biggest fund manager called a breakthrough – but only a first stepIn recent decades, environmentalists have grown used to disappointment when big companies and Wall Street pay lip service to concern over the climate crisis. On Tuesday, it looked like something might have changed.The decision by the private equity giant BlackRock – the world’s biggest fund manager – to exit investments that “present a high sustainability-related risk” has been welcomed by environmentalists as a significant moment in the battle to reshape the relationship between money and the climate crisis. Related: BlackRock now needs to use its voting clout to fuel sustainable investing Continue reading… … Read More

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I am a Content Manager for Climate Change Aware, selecting and approving new articles, contributors and downloads and running fact-checks on new content. Before joining CCA, I was an environmental engineer.