BlackRock and Mike Bloomberg agree that measuring climate risk and investing in clean energy is smart capitalism
In this article BLK Larry Fink, chief executive officer of BlackRock Inc. Christopher Goodney | Bloomberg | Getty Images Billionaire businessman and former New York Mayor Michael Bloomberg and the investing behemoth BlackRock have both recently issued their own strongly worded missives defending investments in climate solutions and clean energy and saying that requesting climate-related risk disclosures from companies is smart capitalism. The letters come as political pressure mounts against the idea of environmental, social and governance (ESG) funds, which purport to give people an easy way to invest in companies acting responsibly in those areas. Critics, particularly on the Republican side, have said ESG is a cover for a political agenda and is partly aimed against fossil fuel producers. related investing news Uranium is 'on a tear' right now. Here are two ETFs to play it Weizhen Tan 16 hours ago SEC Chair Gary Gensler asks crypto community to embrace regulation or risk be...