Asset manager BlackRock threatens to sell shares in worst climate polluters


Firm commanding £6tn in assets vows to support net-zero carbon pledge amid pressure to divest from fossil fuels

BlackRock has said it will threaten to sell its shares in the worst corporate polluters, as the world’s largest asset manager pledged to support the goal of net zero carbon dioxide emissions by 2050.

Larry Fink, BlackRock’s chief executive, said the coronavirus pandemic had increased focus on existential climate risks, in his annual letter to chief executives around the world.

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