Blackrock is the world’s largest asset manager, with over $6 trillion in assets under management. And, so, when its CEO Larry Fink speaks, corporate CEOs listen.
Earlier this year, Mr. Fink shook the corporate world with his annual letter to CEOs. In it, he argued that capitalism must change to avert climate catastrophe.
This week, however, activists launched a campaign targeting Blackrock because, despite Fink’s lofty rhetoric, Blackrock remains a massive investor in the fossil fuels industry.
For The Real News, I speak to activist Casey Harrell of the Sunrise Project about this new campaign. My discussion with Casey can be watched and heard here: