- BlackRock said it had raised $4.5bn (£3.97bn) for a new climate infrastructure fund today as it looks to ramp up investment in the net zero transition amid criticism of its decision to continue backing oil and gas firms.
- The new fundraise comes amid criticism of the investor over its stance on fossil fuels and refusal to stop ploughing cash into coal, oil and energy projects.
- BlackRock is a signatory of the UN’s Net Zero Asset Managers alliance – part of the Glasgow Glasgow Financial Alliance for Net Zero – causing some campaigners to criticise its decision and question the criteria of the agreement.
BlackRock Raises $4.5 Billion For Climate Fund Amid Fossil Fuel Criticism
