ClientEarth Files Greenwashing Complaint Against BlackRock Over ...

Oct 17, 2024 · ClientEarth takes legal action against BlackRock, accusing the investment giant of misleading investors by labeling fossil fuel-backed funds as “sustainable.”; Complaint filed with …

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BlackRock CEO Draws Investor Fire Over ESG 'greenwashing'

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Dec 21, 2022 · Blass, BlackRock's head of external affairs, also said the company has $260 billion invested in fossil-fuel businesses at the moment of which $91 billion are invested in …

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BlackRock Not Changing Stance On ESG Investing, Despite Criticism

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Dec 20, 2022 · BlackRock not changing stance on ESG investing, despite criticism BlackRock is one of the most powerful pro-ESG voices in the financial, with control of $8 trillion in assets

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US Investment Funds Pull $13.3bn From BlackRock In Anti-ESG …

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Mar 24, 2024 · The outflows started in 2022 after West Virginia state treasurer Riley Moore included BlackRock on the nation’s first list of financial firms deemed to boycott fossil fuel …

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Texas Withdraws $8.5 Billion From BlackRock Over ESG Investing

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Mar 26, 2024 · At the center of this controversy is BlackRock, the world’s largest asset manager and a vocal advocate for ESG principles. While BlackRock’s leadership in promoting …

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BlackRock’s Fink Says Energy Transition Remains An ... - ESG Today

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Mar 27, 2024 · The letter highlighted BlackRock’s continued investment in energy companies, noting that “BlackRock has more than $300 billion invested in traditional energy firms,” …

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BlackRock Quits Climate Group As Wall Street Lowers …

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Jan 9, 2025 · BlackRock, which manages some $11.5 trillion, said that with two-thirds of its global clients committed to cutting emissions to net zero, it had made sense to join groups like the …

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FAQs about ClientEarth Files Greenwashing Complaint Against BlackRock Over ... Coupon?

Is Blackrock promoting ESG investing over other energy investments?

Recently, BlackRock Inc., the largest asset manager in the world, has faced criticism by Republican legislators for pushing ESG investing over other energy investments. Environmental, Social, and Governance (ESG) investing has grown more popular in recent years as these types of issues have been brought to the public’s attention. ...

Why has Blackrock been criticized for promoting sustainability?

The recent controversy began with BlackRock’s investments in sectors criticized for environmental, social, and governance (ESG), particularly fossil fuels, despite CEO Larry Fink’s commitment to addressing climate change and promoting sustainability. ...

Does Blackrock have an ESG scandal?

BlackRock Inc., the largest global asset manager, has been criticized by both climate activists and fossil-fuel proponents. Has BlackRock been involved in an ESG scandal? Recently, BlackRock Inc., the largest asset manager in the world, has faced criticism by Republican legislators for pushing ESG investing over other energy investments. ...

Is Blackrock a threat to ESG?

The controversy has led to some Wall Street firms backing down on ESG commitments, with insurers abandoning a United Nations-backed climate alliance becoming the latest example last month. BlackRock has itself been the target of investigations by some Republican-controlled states, and even an investment boycott in Texas. ...

Is Blackrock hostile to the fossil-fuel industry?

August 24, 2022 – Texas determines that BlackRock is one of 10 financial firms that it considers hostile to the fossil-fuel industry, which could cost the firm its business with the state. The company retorts: “This is not a fact-based judgment. ...

How has Blackrock evolved as an ESG powerhouse?

He has emphasised BlackRock’s commitment to fossil fuels, calling them a necessary bridge to a clean-energy future, and noted that the asset manager has sizeable investments in oil-rich regions – from Texas to Saudi Arabia. Here’s a timeline detailing some of the key moments in BlackRock’s evolution as an ESG powerhouse: ...