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

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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