Putting BlackRock’s announcement in context

Written by 350.org

The world’s biggest asset manager, whose name, BlackRock, is apropos to their level of fossil fuel financing, just made a big announcement. The distilled version of the announcement is that they are divesting [some] coal companies from a part of their investment business, and working to drive their clients to invest in “sustainable” portfolios. Although it may sound wildly incremental and, well, underwhelming given the climate crisis, this announcement changes things for the climate movement, and may have a significant impact on the finance world, especially the fossil fuel industry.

Over the last year, while wildfires rage, floods ravage, and

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By 350.org

350 uses online campaigns, grassroots organizing, and mass public actions to oppose new coal, oil and gas projects, take money out of the companies that are heating up the planet, and build 100% clean energy solutions that work for all. 350's network extends to 188 countries.

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