Huge Investment Bank Black Rock Climateblahblah Assessing Risk Harrumph Sustainable Blahblahblah

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he deep-pocketed investment firm BlackRock Inc. today announced a series of steps to address the financial risks of climate change, decisions that could send shock waves throughout the private sector.

Studying the disclosure of climate change risks, including physical risks like rising waters and government policies to cap greenhouse gas emissions, will be one of BlackRock's top priorities for 2017, the firm said. In a separate statement, BlackRock said it supported the work of the Task Force on Climate-Related Financial Disclosures — a Group of 20 panel — and said it may vote at annual meetings in favor of shareholder resolutions on climate change.

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The Wall Street powerhouse has been criticized for publicly warning of how climate change threatens the economy while abstaining from voting its shares in favor of stockholder proposals demanding more information about climate change.

Many investors view that stance as hypocritical. A report last year by the Asset Owners Disclosure Project, a nonprofit, found climate resolutions at Exxon Mobil Corp. would have passed if BlackRock and other large institutional investors had voted in favor of them (Climatewire, Sept. 6, 2016).

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http://www.eenews.net/stories/1060051374

[defacto7]

1. Black Rock...

Strange.. one of the 4 most powerful organizations on earth. Who knows what they're trying to do... or say... or control. They eat Trumps and Putins for lunch.