World’s Top Investment Firm to Phase Out Fossil Fuels, Eventually

BlackRock Inc. is the world’s number #1 asset manager--with nearly $7 trillion in investments. The company invests in a LOT of companies that produce or are dependent on the production of fossil fuels. Important company to our industry. BlackRock CEO Larry Fink, in a pair of letters (one to CEOs and one to investors) has just signaled BlackRock will begin to move away from fossil fuel investments. But (and this is a big but), it won't happen overnight.

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