BlackRock's Trans-Atlantic ESG Dilemma

BlackRock Inc., the world’s largest money manager, is facing very different ESG pressures on opposites sides of the Atlantic. While Chief Executive Officer Larry Fink was an early advocate of environmental, social and governance investing, his firm has lost business from some US state entities in recent years amid a wave of anti-ESG sentiment. Now one of Europe’s biggest pension funds is retreating from BlackRock for not thinking enough about the environment. Read more below and get the full story on Bloomberg.com.

Also, check out reporter Petra Sorge’s latest story on the role market forces are playing in Germany’s quest to switch off coal power. For unlimited access to climate and energy news, please subscribe.