Wednesday, 9 March 2022

Give Me Money!

Is anyone seriously surprised? BlackRock is the world's largest asset manager, investing $10tn. Its head honcho recently announced, to a fanfare, that BlackRock would use its investments to pursue climate action policies. It is now revealed that 'private' emails were sent to the heads of oil industries, assuring them they still had an important place in BlackRock portfolios (https://www.theguardian.com/environment/2022/mar/09/blackrock-privately-soothes-oil-industry-fears-over-its-new-green-credentials). The name of the game is (and always has been) making profits. A subtle bit of 'greenwash' might help keep the dollars rolling in? Interestingly, in some cultures, black rock is another name for coal!
-

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Sandwich Island Saga 39. Extreme weather events

It's not, of course,  just flash floods that will increase with global heating. Heat waves, droughts and wild fires will all become more...

  • Stepping On the Gas?
      It should hardly be called a study. A  Which comparison looked at levels of nitrogen dioxide and small particulates (PM 2.5s) in 5  Londo...
  • Gridlock in European Cities
      Europe has a city congestion problem. In 2023, London was the most gridlocked location, closely followed by Paris and Dublin. In that year...
  • Charging Electric Vehicles (For Road Use)
    It's necessary, where possible, to replace diesel and petrol-fueled vehicles by electrical equivalents. Electric vehicles (EVs) don...