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REPORT: #BlackRock is part of a group of financiers keeping EU’s #coal industry on life support, investing €12 B directly, & €9.8 B in loans & underwriting, in under 18 months.
Read more 👉beyond-coal.eu/2020/07/15/foo…
#BLKBigProblem #ClimateCrisis #BeyondCoal #ClimateAction
#BlackRock is the biggest shareholder of the world’s most significant lignite coal miner, Europe’s biggest CO2 emitter, #RWE ⛏️

AND #BLK is a critical funder of dirty coal in EU.
#BlackRocksBigProblem

Report → beyond-coal.eu/2020/07/15/foo…

#BLKBigProblem #Climate #BeyondCoal
#BLK's 2020 #coal policy doesn't address these gaps - when will they get serious about #ClimateCrisis?

The @UNFCCC & @IPCC_CH have warned for years that we have to get out of coal, fast, but #BlackRock just keeps pumping $$ into it.

#BLKBigProblem #BeyondCoal #ClimateCrisis
At the end of 2019, BlackRock held shares or bonds in every European coal company included in the report. €7.0 billion in total, exceeding the amount held by all the investors included in the ‘Exposed Eight’

Read the report: beyond-coal.eu/2020/07/15/foo…

#BLKBigProblem #BeyondCoal
At the end of 2019, #BlackRock held shares or bonds in every European coal company included in the report. €7.0 billion in total, exceeding the amount held by all the investors included in the ‘Exposed Eight’

beyond-coal.eu/2020/07/15/foo…

#BLKBigProblem #BeyondCoal #ClimateCrisis
BlackRock has a BIG #Climate problem - BlackRocksBigProblem.com

#ClimateCrisis #StoptheMoneyPipeline #beyondcoal #ClimateEmergency
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Keep Current with BlackRock's Climate Problem (Commentary)

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#BlackRock #coal #BLKBigProblem #ClimateCrisis #beyondcoal #ClimateAction #RWE #BLK #BlackRocksBigProblem #Climate #StoptheMoneyPipeline #ClimateEmergency

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BlackRock's Climate Problem (Commentary)
@BLKsBigProblem
By now you've seen the news: BlackRock made a major climate announcement this week.

But what does it mean?

What's the good, the meh, and the missing for #ClimateAction and our work to #StopTheMoneyPipeline?

We lay out out here -> blackrocksbigproblem.com/post/our-in-de…

& in this🧵1/
tl;dr: It's a major shift for BlackRock, which previously had failed to take meaningful action on climate, and is a very important step in the right direction as the world faces increasing risk from climate change.

And BLK still has to do more cuz we're in a #climatecrisis! 2/
On to the details.

First announcement: Coal divestment.

BlackRock will move companies with 25% or higher revenue from thermal coal production out of all actively managed funds and all ESG funds.

What we like about this: Coal is dead! It's time BLK got with the program. 3/
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