BlackRock faces critics on Amazon deforestation [CBS News]
BlackRock, Inc. (BLK)
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Source: CBS News
Investment giant BlackRock faces critics on climate change, Amazon deforestation REVERB is a new documentary series from CBSN Originals . Watch the latest episode, "Complicit: The Amazon Fires," in the video player above. After years of criticisms from environmentalists, the world's biggest investor finally embraced the cause of climate change in January. That's when BlackRock Inc., with a massive $7.4 trillion in client assets, announced it would sell off $500 million in coal industry stakes and push more of the thousands of companies it invests in to make environmental sustainability a business priority. But critics say that the New York-based money manager is already showing "weakness" in its commitment to environmental issues. Specifically, they say BlackRock is playing too passive a role in pushing for change in the agricultural and commodities industry, which many believe to be the second largest contributor to climate change after the energy sector. Unlike with coal, Blac
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