BlackRock’s Message to Companies: Adapt or Die

BlackRock’s Message to Companies: Adapt or Die

On Tuesday, the CEO of Blackrock, the world’s largest asset management company, announced in his yearly letter to his clients that they must layout comprehensive game plans to survive in a net-zero world.

Why This Matters: A 2020 report from portfolio.earth found that the world’s largest investment firms and banks are investing trillions each year into operations that damage the environment and threaten biodiversity.

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DITCHED:  Is 2020 the Tipping Point for Fossil Fuel Divestment?

DITCHED: Is 2020 the Tipping Point for Fossil Fuel Divestment?

Despite economic disruptions caused by the coronavirus pandemic, a growing number of countries, companies and financial institutions are committing to quit coal and are beginning to ditch oil and gas projects, too. 

In this episode of Political Climate’s special DITCHED series, host Julia Pyper speaks to Tim Buckley at the Institute for Energy Economics and Financial Analysis (IEEFA) about what’s driving the increase in fossil fuel exits around the globe, including in historically coal-dependent economies such as China and India.

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Blackrock Announces Climate Change/Sustainability Are Now Its Core Principles For Investing

Blackrock Announces Climate Change/Sustainability Are Now Its Core Principles For Investing

In a stunning and groundbreaking turnaround, the CEO of the world’s largest asset manager with $7T under its control, BlackRock, announced that from now on the company will make its investment decisions with environmental sustainability as a core goal and will take climate change into account.

Why This Matters:  This is HUGE.  BlackRock is the single largest investor in fossil fuels in the world.  And they are getting out of that business.  

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