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One of BlackRock’s biggest critics on Larry Fink’s climate letter

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A bulldozer moves coal that will be burned to generate electricity at the American Electric Power coal-fired power plant in Winfield, West Virginia. The Trump administration in June implemented a new rule that will keep coal-powered plants open longer.

Luke Sharrett | Bloomberg | Getty Images

A bulldozer moves coal that will be burned to generate electricity at the American Electric Power coal-fired power plant in Winfield, West Virginia. The Trump administration in June implemented a new rule that will keep coal-powered plants open longer.

Every year, BlackRock CEO Larry Fink releases a highly anticipated letter to CEOs and clients. In this year’s letter, out yesterday, Fink announced that the asset management giant would change direction. Currently one of the world’s largest investors in coal, oil, gas and climate-destabilizing deforestation, BlackRock will make sustainability its “new standard…



Source cnbc.com

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