BlackRock’s decision to divest from coal, as the world's largest asset manager with a long shareholder history of voting against climate action, sends a powerful signal. By mid-2020 BlackRock’s $1.8tn of actively managed funds will divest from any firm generating more than 25% of revenue from thermal coal. Further reviews of sectors heavily reliant on thermal coal will also take place. Tim Buckley, Tom Sanzillo and Melissa Brown at IEEFA welcome … [Read more...]
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