https://earth.org/blackrock-quits-major-net-zero-alliance-ahead-of-trump...
Membership in the alliance “caused confusion regarding BlackRock’s practices and subjected us to legal inquiries from various public officials,” the firm said last Thursday as it announced its departure from the Net Zero Asset Managers initiative.
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BlackRock, the world’s largest investment management corporation, announced last week it will leave a key international group of asset managers committed to reaching net zero emissions amid a recent Wall Street firms exodus.
The group, which manages assets worth some $11.5 trillion, said the decision to leave was prompted by pressure from public officials and legal inquiries.
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