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Blackrock joins USD 41 trillion investor climate campaign

The New York-based major asset manager now adds its hefty influence of USD 7 trillion in AuM to the Climate Action 100+ investor group, putting even more pressure on big greenhouse gas emitters and fossil fuel companies and adding serious investment capital to climate change mitigation projects.

Photo: Andrew Burton/AFP / GETTY IMAGES NORTH AMERICA

Blackrock Inc. added its almost USD 7 trillion heft to a group of investors that’s pressing the world’s biggest emitters of greenhouse gases to change their ways.

The addition of the world’s largest fund manager is a significant milestone for Climate Action 100+, bringing total assets under management by its members to more than USD 41 trillion. The group already has some notable victories in its campaign of engagement with corporate giants that account for more than two-thirds of global industrial emissions.

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