The Relentless Campaign Against Climate Action and ESG Investing Timeline
Timeline of selected anti-ESG attacks and BlackRock’s response
ACTIONS – Stop Shell’s Extinction Plan – English and Dutch.
English: Dutch:
Solidarity statement on racial violence in the USA
We grieve with the family of George Floyd, and our Black family, allies, and members. And we fall in formation behind them in solidarity today. Our hearts are with the families of George, Breonna Taylor, Ahmaud Arbery, and too many beautiful lives taken by an extractive, capitalist system that supports and thrives through the oppression […]
Activists Blast BlackRock in 4 Major Cities on Day of AGM
BlackRock got a ton of applause in January when CEO Larry Fink spoke about the urgency of climate change and said he was going to put sustainability at the center of BlackRock’s investment decisions. Sadly, the financial giant’s actions since then simply do not live up to that rhetoric and fall far short of what […]
How is BlackRock Failing to Keep its Own Promises on Climate: Backgrounder
In January, BlackRock CEO Larry Fink committed to put climate change at the center of the firm’s investment strategy. Even as financial markets reel during the COVID-19 pandemic, BlackRock reinforced that it will continue to hold directors accountable for climate action. This shareholder season is a critical test to see if BlackRock will make good […]
BlackRock is a major backer of the climate disaster that is Biomass
As well as being the world’s largest investor in fossil fuels and forest destruction, BlackRock is also a major shareholder in Drax Plc in the UK. Drax operates the world’s largest biomass power station, which burns more imported wood every year than the UK can produce. This emits 13 million tonnes of CO2 every year, […]
Reckless Keystone XL Decision by TC Energy Endorsed by BlackRock and JPMorgan Chase
SAN FRANCISCO, CA, April 3, 2020 — On Tuesday, March 31, TC Energy announced its decision to move forward with the controversial Keystone XL tar sands oil pipeline — despite active legal challenges, a lack of required permits, and without the free, prior and informed consent of Indigenous communities along the proposed route. This decision […]
BlackRock Announces Shift Away From Funding Dirty Tar Sands
New York, NY — Today, BlackRock, the world’s largest asset manager, announced that one of its fastest-growing sustainable funds will stop investing in tar sands, one of the dirtiest fuel sources on the planet. Last month, in response to growing public pressure, BlackRock CEO Larry Fink announced a new set of policies that aim to […]
BlackRock’s attempt at forest protection falls flat
This article originally published on Medium. BlackRock, the $6.5 trillion Wall Street asset manager, has quietly released a statement on the company’s approach to engagement in the palm oil sector — an industry notorious for its role in destroying the planet’s last forests. Given the role of the palm oil industry in driving species to […]