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BlackRock, the world’s largest asset manager, will make climate change central to its investment decisions.

BlackRock, the world’s largest asset manager, will make climate change central to its investment decisions.

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6 comments

  1. The New York firm is taking immediate action, exiting investments in coal used to generate power, and it will begin asking clients to disclose their climate-related risks.
    “Because capital markets pull future risk forward, we will see changes in capital allocation more quickly than we see changes to the climate itself,” Fink wrote in the letter. “In the near future – and sooner than most anticipate – there will be a significant reallocation of capital.”

  2. >In his letter, Fink said companies and investors have a role to play in the transition to a low-carbon world, but governments will ultimately need to lead the way.

    Which governments are those? The ones that billionaire investors bribe to not take climate action? BlackRock is an obstruction to climate action and a “low-carbon world”.

    BlackRock and its billionaire investors are an integral part of the petroleum economy. They don’t exist without oil. Getting rid of them and the petroleum economy is the goal.

    Prison would be too good for these crooks who are killing the planet.

  3. They should have their fucking assets seized for knowingly acting in ways that exacerbated climate change in the first place. Who gives a shit if (and, I stress, *if*) they pivot after plundering the world for billions of dollars? They’re criminals and should be treated as such.

  4. This is the best tl;dr I could make, [original](https://apnews.com/7eb6a90050b6eceed6a4e8c24f36c892) reduced by 86%. (I’m a bot)
    *****
    > "Because capital markets pull future risk forward, we will see changes in capital allocation more quickly than we see changes to the climate itself," Fink wrote in the letter.

    > Fund managers increasingly say they consider environmental, social and governance issues in their broad investment strategy.

    > The European Union plans to dedicate a quarter of its budget to tackling climate change and has set up a scheme to shift 1 trillion euros in investment towards making the economy more environmentally friendly over the next 10 years.

    *****
    [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/eoqk85/worlds_largest_asset_manager_shifts_focus_to/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ “Version 2.02, ~458441 tl;drs so far.”) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr “PM’s and comments are monitored, constructive feedback is welcome.”) | *Top* *keywords*: **investment**^#1 **Fund**^#2 **change**^#3 **companies**^#4 **more**^#5

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