On December 10th, just two days before the 5th anniversary of the Paris Climate Agreement, 18 NGOs released a new report titled “Five Years Lost – How Finance is Blowing the Paris Carbon Budget” exposing the role of financial institutions in funding 12 of the most devastating fossil fuel projects that are currently planned or […]
On the same day as the EU’s own Ombudswoman released a report confirming the EU was in conflict when it awarded a green finance contract to BlackRock, a new report was released highlighting the many ways this “BlackRock Model” is flawed. The story was covered in the Wall Street Journal, Guardian, Financial Times, Reuters, and […]
As the outgoing Trump administration rushes last minute plans to drill in the Arctic, a powerful new video is making the rounds talking about the funders standing behind the oil companies. Singling out BlackRock, whose CEO Larry Fink says the right things on climate change and limiting investments in fossil fuels, yet remains the top […]
In response to statements from BlackRock CEO Larry Fink welcoming the move by the UK to make the disclosure of climate-related financial risk mandatory, Moira Birss, Climate Finance Director at Amazon watch, core partner of the BlackRock’s Big Problem campaign, and Co-Coordinator of the Stop the Money Pipeline Policy Team, said: “Larry Fink is right: […]
The European Commission did not properly consider conflicts of interest when it granted a contract to BlackRock to advise on the EU’s new sustainable finance agenda for banks, according to an opinion by the European Ombudsman published today. The conflict arises from the fact that BlackRock is the world’s largest investor in fossil fuels and […]
Did you recently show up at a BlackRock’s office demanding climate justice? Did you call Larry Fink and ask him to vote for the climate and stop investing in fossil fuels? Share the campaign on social media? Watch the webinar from October 20 and learn more about the strategy and tactics behind the BlackRock’s […]
(October 14, 2020) In what The Financial Times called an “investor rebellion,” this week Procter & Gamble shareholders, including BlackRock, voted overwhelmingly to require the world’s largest consumer goods company to step up transparency efforts to address the deforestation and forest degradation caused by its use of palm kernel oil and forest pulp in products […]
Get ready for the next phase of the campaign – join us on October 20 for, “BlackRock is Failing on Climate, What’s Next?” https://blackrocksbigproblem.com/webinars This September we saw incredible new protests and demonstrations taking place in Geneva, Budapest (with a special four legged guests appearance), Chicago, Athens, and Paris. Activists deployed all around creative props […]
During the second half of September BlackRock was the subject of protests in 16 cities across the US and Europe, including many cities where BlackRock has never faced protest before like Miami, Los Angeles, Palo Alto, Chicago, Geneva, Zurich, Berlin, Budapest, Athens, and Brussels. The “September Swarm” culminated on Oct 2nd with bigger demonstrations […]
(October 2, 2020) Dozens of events took place across the country today as part of “Stop Funding Tar Sands: Day of Solidarity with Frontline Communities,” an international day of demonstrations against the financing of tar sands pipelines that are harming Indigenous communities and the climate. The protests were coordinated by Stop the Money Pipeline, a […]
(September 30, 2020) –Over the past few days, we have had Swarm protests at BlackRock offices all over the globe! Activists in South Florida paid visits to BlackRock’s offices in Miami and Boca Raton and told BlackRock to stop fueling Miami’s floods. Blackrock has also been hit by protests across Europe: Paris, Brussels, Athens, Berlin, […]
The September Swarm against BlackRock is on! Activists gathered in Palo Alto and Boston and called on BlackRock to stop funding the climate emergency, forest destruction and respect indigenous rights. Partners and allies in Boston also delivered over 100,000 signatures to the biggest asset managers (BlackRock, State Street, and Vanguard) demanding they adopt robust deforestation […]
Watch the Actionar curated by Climate Finance Action and follow along below to take action to Defund Deforestation! Then, join the September Swarm on BlackRock and get ready for the grand finalé – the Stop Funding Tar Sands Day of Action on October 2! We know the Big 3 see us and hear us! […]
A new report from Majority Action, released yesterday, shows that BlackRock used its huge voting power as a major shareholder to undermine climate initiatives in industries with huge climate impacts. BlackRock is the world’s largest asset manager and one of the largest shareholders in nearly every significant publicly traded corporation in the country–including the fossil […]
Yesterday, Reclaim Finance, a European-based climate organization, in partnership with 27 other NGOs, released the first online tool which identifies, analyzes, and compares the coal policies of global financial institutions. The tool will be maintained and updated in real-time and covers financial institutions in 30 different countries. It is the first of its kind and […]
By Pendle Marshall- Hallmark | Amazon Watch September 4, 2020 – The fires occurring in rainforests all over the world are not wildfires. They are set by criminal arsonists seeking to clear land to make way for agribusiness interests. Alarmingly, fires on Indigenous lands have increased by 77 percent compared to the same period from […]
July 30, 2020, New York, NY — Today in a letter to the Federal Reserve (the Fed), 69 public accountability, environmental, economic justice, science, health, and religious organizations and private companies called on the Fed to stop purchasing corporate debt from the fossil fuel sector through its emergency facilities created to address COVID-19’s economic fallout. […]
New York, NY – Today, BlackRock released a new investment stewardship report. In the report the world’s largest asset manager detailed how it voted during the 2020 shareholder season which was the first big test of the climate commitments it made in January of this year. While BlackRock released voting briefings for a handful of […]
In June 2020, Friends of the Earth (FOE) and Amazon Watch (AW), core partners of the BlackRock’s Big Problem network, released a set of baseline principles to form the basis for asset managers’ policy on forests and human rights, based upon existing international laws and principles. The key takeaway from these principles is that the […]
With its new contract from the U.S. Federal Reserve to run the bond buyback program which aims to prevent the economy from crashing due to the pandemic, BlackRock has become, observers argue, what Goldman was leading up to the financial crash of 2008 — too big to fail, too big to regulate, and deeply embedded […]