Sustainable Investing to Fight CC

-
$7 Trillion Point of View
Source:  BlackRock's e-Banner

 BlackRock Goes Green
BlackRock, based in New York City, is the world's largest asset manager with $7 Trillion under management.  CEO Larry Fink just announced that he's making fighting Climate Change a key part of his investment strategy. His focus is sustainable investing. He says that the dangerous impact of Climate Change is causing investors "to reassess core assumptions of modern finance."

Concrete Steps
Fink has a strategic plan that he's implementing.  Essentially, he's greatly escalating holdings in green, sustainable investment vehicles.  Specifically, he's:
  • Doubling BlackRock's sustainable ETFs to 150
  • Putting pressure on index providers to include more sustainable benchmarks
  • Selling $500 million worth of investments in thermal coal producers by July
  • Voting against boards and management who don't account for climate risk or don't have a sustainability plan.
Investing Advice
As a global investment leader, Fink's words and actions are unprecedented. For investors this dramatically underscores important new opportunities in green, sustainable investing. 











Comments

Post a Comment

Popular posts from this blog

Extreme Electric Surfboard

-
Image
  Surfing With No Waves Needed, Anytime of Year                                                                                Source:  Awake Surfboard Can Hit 36 MPH Sweden-based Awake has developed a powerful electric surfboard that can hit speeds of 36 mph.  It can accelerate from 0 to 30 mph in just 4 seconds.  The Ravik S 22 electric surfboard is able to surf on any body of water any time of year including on snowy winter days.  And, it doesn't need waves to surf! It provides an extreme surfing ride, developed by an award-winning surfboard company. Tech Specs The e-board is powered by a 12-kW brushless motor.  The motor has three speed settings and three throttle sensitivity modes.  It has a wireless speed control system that cuts throttle response time down to .02 seconds.  The quick response time makes it much easier for the surfer to time turns and jumps.  A 1.9-kW battery provides a ride time of 15 to 20 minutes. That version of the board is priced at $15,000. An extended
Read more

New Electric Surfboard from Sweden

-
Image
  Surfing With No Waves Needed, Anytime of Year                                                                                Source:  Awake Surfboard Can Hit 36 MPH Sweden-based Awake has developed a powerful electric surfboard that can hit speeds of 36 mph.  It can accelerate from 0 to 30 mph in just 4 seconds.  The Ravik S 22 electric surfboard is able to surf on any body of water any time of year including on snowy winter days.  And, it doesn't need waves to surf! It provides an extreme surfing ride, developed by an award-winning surfboard company. Tech Specs The e-board is powered by a 12-kW brushless motor.  The motor has three speed settings and three throttle sensitivity modes.  It has a wireless speed control system that cuts throttle response time down to .02 seconds.  The quick response time makes it much easier for the surfer to time turns and jumps.  A 1.9-kW battery provides a ride time of 15 to 20 minutes. That version of the board is priced at $15,000. An extended
Read more

Electric, New MG Cyberster Sports Car

-
Image
  China's SAIC Revolutionizes the Historic British MG Brand                                              Source:  MG Cyberster Electric MG Sport Car Concept Becomes a Reality The legendary sports car company MG was founded in the 1920's in Oxford, England. It enjoyed a long history of creating iconic MG, 2 seat sports cars. It is now China owned and China based, acquired a few years ago by SAIC Motors.  The new MG has a fabulous concept car the Cyberster.  It's an all electric sports car that was recently introduced at the Shanghai 2021 Motor Show.  MG just announced the vehicle is going from concept and into production.  MG calls it the "world's first purely electric e-sports cockpit".  The design of this electric vehicle is sleek, futuristic and highly styled with a wide grill that is a throwback to the original MGB as are the round headlights that open like eyes when the car is turned on.  It is truly an iconic, all electric sports car. EV Capabilities The
Read more