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Only a few years after declaring that “climate risk is investment risk” and mandating corporations to meet certain environmental standards, Larry Fink, chairman and CEO of BlackRock, is facing growing resistance. Even the most ardent champions of sustainable investing are experiencing a rude awakening.
Fink, who leads the world’s largest asset management firm, announced in his 2020 letter to clients that he would place sustainability at the center of his investment strategy and reduce investment in fossil fuels.
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