Blackrock accused of climate change hypocrisy

US asset manager Blackrock voted against environmental resolutions at Australian oil groups, despite CEO Larry Fink's new sustainability focus, reports the Financial Times.

Larry Fink does not walk the talk, according to environmental organizations. | Photo: Lucas Jackson/Reuters/Ritzau Scanpix

by HELLA ANDERSEN

BlackRock has been accused of double standards after it refused to back landmark environmental resolutions at two big Australian oil companies just months after its CEO warned that global warming represented a risk to markets unlike any previous crisis, according to the Financial Times.

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Blackrock accused of climate change hypocrisy

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Blackrock shakes up sustainable investment efforts

The Nordic region's largest asset manager sees competitive advantages of global ESG wave

Sign up for our newsletter

Front page now

Nordic Alpha Partners reels in international investment giants for second fund

Norwegians are investing record amounts in funds

World's best EMD team still waiting for clients to return to Danske AM

Storeband increases stake in Danish infrastructure manager to become majority owner

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KLP excludes US construction supplier over Gaza connection

Swedish FSA fines church pension fund for failing to limit investment risks

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Expansion of Nordic team has paid off: Inflows to all core products for US manager

Further reading

World's best EMD team still waiting for clients to return to Danske AM

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Storeband increases stake in Danish infrastructure manager to become majority owner

New Nordic high yield manager keeps attracting inflows

Expansion of Nordic team has paid off: Inflows to all core products for US manager