Carbon News - Intelligence for the carbon market

BlackRock drops $90b investing in fossil fuels

Friday 2 Aug 19 11:00am

BlackRock’s fund is larger than the economy of Japan. It is the single biggest investor in the global coal industry, and one of the top three investors in most large oil companies.

 

BLACKROCK, the world’s biggest investor, has lost an estimated $90 billion over the past decade by ignoring the financial risk of investing in fossil fuel companies.

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