Larry Fink & Jamie Dimon Cave To MAGA Crazies
This week, Larry Fink of BlackRock and Jamie Dimon of Chase Bank knuckled under to pressure from Republicans on ESG investing.
BlackRock
Bill McKibben Blasts BlackRock Decision To Add Saudi Aramco CEO To Its Board
Bill McKibben has harsh words for BlackRock CEO Larry Fink after he added the head of Saudi Aramco to the board of directors.
Daimler Trucks, NextEra, & Blackrock Form Heavy-Duty Charging Company
Medium- and heavy-duty electric trucks, like any electric vehicle, require charging infrastructure that is both accessible and effective. However, charging infrastructure for these vehicles presents a bigger challenge than that of smaller electric vehicles due to their larger size and greater power requirements. Firstly, medium- and heavy-duty electric trucks typically … [continued]
Elon Musk vs. Index Funds: Who Owns More Tesla Stock?
Elon Musk spent much of last year selling off Tesla stock, though he remains the company’s largest individual stakeholder. However, despite a disdain for index funds and passive investing, some of those firms now make up a large portion of Tesla’s shares. Musk now owns fewer Tesla shares than the … [continued]
BlackRock Battles Texas Again Over Divestments
At stake are legitimate clean energy industries — those that don’t pollute the environment or question our future existence as a species.
Big Oil Investors Put to the Test at Annual Shareholder Meetings
Originally published by Union of Concerned Scientists, The Equation. By Kathy Mulvey This week is the culmination of major oil and gas companies’ annual general meetings, also known as annual shareholder meetings. As in previous years, climate-related shareholder proposals are on the agenda for Shell, ExxonMobil and Chevron, and climate advocates are urging major investors, including BlackRock, … [continued]
Dear G7 Leaders
Ahead of the Group of Seven summit, which begins tomorrow, 457 investors managing $41 trillion in assets have signed an open letter calling on world leaders to enact more ambitious climate policy. The letter mentions six specific actions for governments, including committing to achieving net-zero emissions by 2050, strengthening their … [continued]
Big 3 Money Managers Indirectly Finance Oil Extraction From The Amazon
The world’s three largest money managers hold at least $46 billion in debt and equity in 24 oil companies operating in the Amazon, according to a new report from Amazon Watch. Those firms — BlackRock, Vanguard Group, and State Street — repackage these holdings into financial products in which their … [continued]
Your State Treasurer Has A Lot Of Influence On Climate Action
Courtesy of Union Of Concerned Scientists. By Ortal Ullman, the senior outreach coordinator for the Climate & Energy program at the Union of Concerned Scientists. State treasurers can be the forgotten children of public office. They don’t tend to have the name recognition of a governor or congressperson, and many of … [continued]
ExxonMobil’s New Board Members Are Good News, But Aren’t Climate Activists
Outcomes from ExxonMobil will be slightly better because of this, and as they are one of the largest greenhouse gas producers in the world, that’s definitely positive. A much better action for BlackRock would have been to very publicly divest their 6.7% ownership position of ExxonMobil entirely.
