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,...