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Blackrock's Fink triggers carbon avalanche

There has been a lot of talk in the mainstream media about the intent of multiple pension funds and asset managers to stop investing in fossil fuels. However, for me, most of these announcements have been just ‘green washing’; especially the PR managed responses to growing pressures from environmental groups such as Extinction Rebellion.

Blackrock's Fink triggers carbon avalanche Blackrock's Fink triggers carbon avalanche Blackrock's Fink triggers carbon avalanche Blackrock's Fink triggers carbon avalanche Blackrock's Fink triggers carbon avalanche

BlackRock is the world's largest fund management firm, with US$7 trillion under management

The reality I see is that asset managers are acquiring fossil fuel plants at knockdown prices as utilities, under pressure from those same environmental groups, sell them.