Neither Larry Fink’s January letters to CEOs and clients, nor the climate memo that BlackRock released in early February spelled out this “ambition”. In those documents, BlackRock’s focus was on BlackRock’s expectations of other companies – how they should consider managing “the impacts that [climate] risks have on their business and demonstrate preparedness to operate […]
New research released today reveals that US investors, particularly, asset managers, still provide an astounding 58 percent of institutional investments – roughly $602 billion – to the global coal industry. Vanguard shamefully tops the list as the world’s largest investor in coal with nearly $86 billion in investments. This is the first time Vanguard has […]
BlackRock’s words sound good. There are five pages of them, including “just” and “equitable” as well as “resilient” and “sustainable.” But, yet again, there is no mention of companies engaging in tar sands destruction, oil expansion, fracking, or deforestation. BlackRock says it “may” vote for climate-friendly shareholder proposals, and it “may” vote against company board […]
BlackRock sends a number of mixed signals with today’s memo. On the one hand, it communicates an important and necessary message about the need for greenhouse gas (GHG) emissions reductions, writing that companies “should strive to limit warming to 1.5° C to achieve an ultimate goal of net zero GHG emissions by mid-century in order […]
On January 26, Larry Fink released his annual letter to CEOs alongside a letter to clients signed by BlackRock’s Global Executive Team. Similar to last year, both letters are dedicated to BlackRock’s plans to address the urgent, systemic climate crisis and its plan for operating within our changing world. Some of the key things BlackRock […]
UPDATE: Watch the full action webinar here. Studies have shown that Indigenous peoples are critical players in the fight to protect the world’s forests and halt global temperature increases. In 2020 BlackRock hinted it would take new holistic approaches on deforestation and biodiversity in 2021, and yet, its newly announced net zero commitments failed to […]
German translation available here On January 26, Larry Fink released his annual letter to CEOs alongside a letter to clients signed by BlackRock’s Global Executive Team. Similar to last year, both letters are dedicated to BlackRock’s plans to address the urgent, systemic climate crisis and its plan for operating within our changing world. In this […]
BIG NEWS on climate today as the world’s biggest investor continues to move towards real climate action. BlackRock’s progress is welcome, yet it has much more to do to stop fueling the climate emergency. Let’s celebrate, and then take action. Today the CEO of the world’s biggest investor Larry Fink sent his annual – and […]
Commentary by Pete Sikora, Climate & Inequality Campaigns Director at our partner New York Communities for Change On January 12, BlackRock announced it would pause campaign donations to all politicians while it conducts a “thorough review of the events” and considers how it will make future contributions. Never mind that those “events” were a violent […]
On January 14th, 2020 BlackRock and its CEO Larry Fink made a series of declarations on climate change and its potential impact on our global economy and the finance sector. Fink’s 2020 letters to CEOs and BlackRock’s own shareholders were filled with all the right language alongside a few exciting, if initial, steps that BlackRock […]
Our partners Reclaim Finance and Urgewald today released a new report exposing BlackRock’s continued, high level of support for the coal industry. This comes a year after CEO Larry Fink committed BlackRock, the largest investor in the world, to investing sustainably, including a promise to exit thermal coal. Instead, research on BlackRock’s holdings has revealed […]
350.org co-founder and long time supporter of our work targeting the funders of the climate crisis Bill McKibben compared BlackRock to a major league baseball player who was recently voted M.V.P., but in truth it’s batting average is barely above bush league. To continue the baseball analogy, BlackRock finally stepped up to the climate plate […]
2020 was a difficult year in countless ways, but one of the things that fuels my determination as we head into the new year is the momentum we’ve gained in tackling one of the most important yet underappreciated sources of climate destruction: Wall Street. For years, a small but mighty base of activists worldwide have […]
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 […]
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 […]
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 […]
(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, […]