Facts
The facts about Big Finance and climate chaos
Reports, FAQs, and case studies detailing how BlackRock and the financial industry are fuelling a global crisis – and how they can lead change.

One Year On: BlackRock Still Addicted to Fossil Fuels
One year after BlackRock’s CEO promised sustainability would be at the heart of investment decisions, a report by NGOs Reclaim Finance and Urgewald has revealed that BlackRock remains a massive investor in coal companies, even in those with expansion plans related to coal. The analysis unveils huge gaps in BlackRock’s policy, both in its coal policy and in the complete absence of a policy on other fossil fuels.

Fossil Fuel Lobbyists Are Dominating Climate Policies During COVID-19
New research from InfluenceMap shows the oil and gas sector to have dominated climate-related policy battles throughout COVID-19 crisis. Interventions from the industry seeking deregulation and support for fossil fuels in recovery packages have drowned out pro-climate interventions from the non-fossil corporate sector.

The New Money Trust: How Large Money Managers Control Our Economy and What We Can Do About It
This paper will discuss the concerns that the outsized growth of the fund industry, especially its three largest participants, poses for corporate governance, competition, and financial market stability. It then explores some policy solutions to address the financial risks and anticompetitiveimpacts of large asset managers.

How Dodd Frank Can Address Wall Street’s Role In The Climate Crisis
In this paper, Graham Steele argues that a sustainable shift to green energy requires a significant reallocation of this capital and that the Dodd-Frank Act provides the regulatory tools to require financial institutions to internalize the financial risks associated with lending and investments that drive climate change.