32

BlackRock holds $85 billion in coal investments despite Larry Fink's focus on climate change

https://markets.businessinsider.com/news/stocks/blackrock-holds-85-billion-in-coal-despite-green-pledges-2021-1-1029964594

BlackRock holds at least $85 billion in investments in coal companies, a year after it announced a focus on climate change, a report showed. BlackRock's policies mean it can invest in firms with less than 25% of revenues coming from coal, while its indexing products make it intertwined with big polluters.