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Named and shamed: the top funds blocking climate action
2016-09-06 01:01:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate Home: Environmental issues like climate change "have real and quantifiable financial impacts," Blackrock CEO Larry Fink said in a letter to business chiefs in May. Fink praised shareholder activists, saying they often had better strategies for dealing with long-term risk than company boards. Why then did the world`s biggest fund of its kind, with US$4.7 billion of assets under management, side with ExxonMobil at its AGM against a proposal to do just that? "It is real hypocrisy," said Julian Poulter,...
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Category:Electronics and Electrical