Worlds biggest investor accused of dragging feet on climate crisis

BlackRock, which controls $6.5tn in assets, urged to use its influence on planets biggest polluters When a letter from BlackRocks founder and chief executive, Larry Fink, landed in inboxes in January saying that the worlds biggest investor would no longer invest in companies that are not compliant with the history of embarrassing big companies. But while the message was fake, the concern behind it was not: environmental campaigners see BlackRock as a key obstacle to progress on meeting climate crisis goals. Now they are stepping up the pressure on the worlds biggest asset owner which faces its shareholders at its annual meeting on Thursday to use its influence on some of the worlds biggest polluters, as it has done previously …