A Bad Day At Black Rock For Big Oil!
The oil industry took three punches to the jaw on Wednesday, as courts and investors opposed their “go slow on climate change” approach.
The oil industry took three punches to the jaw on Wednesday, as courts and investors opposed their “go slow on climate change” approach.
The case for divestment grows louder as evidence shows that individuals with divested portfolios “outperformed their benchmarks.”
Originally published on WRI’s Resource Institute Blog. By Giulia Christianson, Ariel Pinchot, and Yili Wu The movement to achieve net-zero global greenhouse gas emissions, is gaining traction and coherence, especially in the world of finance. In late March, BlackRock and Vanguard — the two largest asset managers on the planet — joined a growing … [continued]
When BlackRock chairman Laurence Fink first began rethinking his company’s stance on climate change, he turned to Tariq Fancy to help him figure out what “green” investing should look like. In 2018 and 2019, Fancy was the company’s chief investment officer for sustainable investing. Last year, Fink shocked the investment … [continued]
Many people who started out investing with Tesla have now moved into other sustainability-focused green investments.
The global transition from fossil fuels to clean energy isn’t going to happen because it’s the best choice for human health and the environment. Observing the way humans have responded to the current pandemic should put to rest any delusions about our propensity to “do the right thing.” No, companies and investors will abandon polluting energy sources when they become convinced that it’s the profitable thing to do.
The momentum continues away from fossil fuel industries as more institutions make ethical climate action decisions.
What kind of climate influence will BlackRock bring to the Biden administration?
2020 has been called a defining moment to fight the climate crisis, and many tech companies are amping up their efforts to do so. This year, Apple announced that it would cut its emissions by 75 percent and become carbon neutral by 2030. Amazon made a similar pledge, saying it would become carbon neutral by 2040, and set a goal of running 100% percent on renewables by 2025.
TCI Fund Management is the world’s best-performing large hedge fund, and it just made a big commitment to go green. Under Sir Christopher Hohn’s ‘radical’ move for the climate, things might be changing for the better.