BlackRock to sell $500 million in coal investments in climate change push

BlackRock to sell $500 million in coal investments in climate change push

BlackRock said its actively managed funds will exit stocks or bonds of companies that produce thermal coal, which is burnt for the purposed of creating electricity, and largely believed to be among the worst contributors to climate change among fossil fuels.

Devil in the Details for World’s Largest Coal Investor

Devil in the Details for World’s Largest Coal Investor

This week, BlackRock, the world’s largest investor in coal, added its name to a list of 117 globally significant financial institutions with a coal-exclusion policy.

BlackRock CEO Says Climate Is Reshaping Finance. What Does That Mean?

BlackRock CEO Says Climate Is Reshaping Finance. What Does That Mean?

BlackRock, the world’s largest asset manager, is suddenly putting sustainability and climate risk at the center of its investment strategy.And because capital markets pull future risk forward, we will see changes in capital allocation more quickly than we see changes to the climate itself,” BlackRock CEO Larry Fink stated in his yearly investment letter.

BlackRock raises $1bn for clean power as wind, solar boom

BlackRock raises $1bn for clean power as wind, solar boom

Here’s the latest indicator of how hungry investors are to profit from clean energy: BlackRock just raised $1 billion for wind, solar and battery-storage projects.BlackRock Real Assets aims to raise a total of $2.5 billion for the fund, Giordano said.

After betting on fossils & losing big, GE & BlackRock turn to solar

After betting on fossils & losing big, GE & BlackRock turn to solar

It remains to be seen if BlackRock and GE’s bet on C&I solar will pay off; but for a company that has lost so much betting against the energy transition, it is definitely time to up the stakes.

GE sells stake in solar business to BlackRock

GE sells stake in solar business to BlackRock

The GE deal comes as investors begin prioritizing a solar segment that was once viewed as riskier than developments for utilities or homeowners: projects for commercial and industrial customers.