World's top three asset managers oversee $300bn fossil fuel investments

Data reveals crucial role of BlackRock, State Street and
Vanguard in climate crisis

The world’s three largest money managers have built a combined
$300bn fossil fuel investment portfolio using money from people’s
private savings and pension contributions, the Guardian can
reveal.

BlackRock, Vanguard and State Street, which together oversee
assets worth more than China’s entire GDP, have continued to grow
billion-dollar stakes in some of the most carbon-intensive
companies since the Paris agreement, financial data shows.

Source: FS – All-News2-Economy
World's top three asset managers oversee 0bn fossil fuel investments