Is This the Climate Fight’s Tipping Point?: Theme of the Week
Here’s what led Bloomberg Opinion coverage this week.
Money to burn.
Photographer: Luke Sharrett/Bloomberg
Last week, BlackRock Inc. Chief Executive Officer Larry Fink made quite an announcement: His company would begin moving away from thermal coal investments, a clear sign that the world’s largest asset manager is taking climate change seriously. BlackRock is hardly the first firm to consider environmental, social and governance factors in its portfolio; sustainable investing, which takes into account the risks of global warming and its effects on companies’ assets, has been gaining steam in the past few years. But the moment didn’t slip past Bloomberg Opinion writers, who took a look at what these moves mean for economies, markets, “green” companies and the future of climate itself.
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