BlackRock coal divestment welcomed, scrutinised by insiders

Paris (AFP) Jan 22, 2020

Investment behemoth BlackRock's decision to divest holdings in companies reliant on coal may encourage more climate-friendly finance but raises questions over how investors prioritise the future of the planet, analysts and industry insiders said Wednesday. Last week's announcement from the world's biggest private investment fund that it would remove its stakes in companies that generate more