BlackRock’s Fink pressed to take action over words in dumping fossil fuels

Rachel Koning Beals
BlackRock’s Fink pressed to take action over words in dumping fossil fuels

BlackRock’s Larry Fink may believe that embracing sustainable investments is key to long-run returns, but he must turn rhetoric into results, say climate advocates. Of BlackRock’s nearly $7 trillion in mutual funds, exchange-traded funds, index-tracking funds and more, some $87 billion can still be linked to fossil fuels through late last year.