{"id":7877,"date":"2021-01-14T12:18:18","date_gmt":"2021-01-14T11:18:18","guid":{"rendered":"https:\/\/reclaimfinance.org\/site\/?p=7877"},"modified":"2023-03-03T12:08:16","modified_gmt":"2023-03-03T11:08:16","slug":"one-year-on-blackrock-still-addicted-to-fossil-fuels","status":"publish","type":"post","link":"https:\/\/reclaimfinance.org\/site\/en\/2021\/01\/14\/one-year-on-blackrock-still-addicted-to-fossil-fuels\/","title":{"rendered":"One year on: BlackRock still addicted to fossil fuels"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;--awb-margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-1\"><p style=\"text-align: justify;\"><b style=\"color: #8ac56b;\"><span class=\"TextRun SCXW30595200 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW30595200 BCX0\">Reclaim Finance and <\/span><\/span><span class=\"TextRun SCXW30595200 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SpellingErrorV2 SCXW30595200 BCX0\">urgewald<\/span><\/span> <span class=\"TextRun SCXW30595200 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW30595200 BCX0\">have released a <\/span><\/span><u><a class=\"Hyperlink SCXW30595200 BCX0\" href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/01\/OneYearOnBlackRockStillAddictedToFossilFuels.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW30595200 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW30595200 BCX0\" style=\"color: #8ac56b;\" data-ccp-charstyle=\"Hyperlink\">report<\/span><\/span><\/a> <\/u><span class=\"TextRun SCXW30595200 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW30595200 BCX0\">revealing <\/span><\/span><span class=\"TextRun SCXW30595200 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW30595200 BCX0\">BlackRock&rsquo;s exposure to coal, on the anniversary of <\/span><\/span><span class=\"TextRun SCXW30595200 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW30595200 BCX0\">CEO<\/span><\/span><span class=\"TextRun SCXW30595200 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW30595200 BCX0\"> Larry Fink\u2019s commitment to sustainable investing.<\/span><\/span><span class=\"TextRun SCXW30595200 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW30595200 BCX0\"> Research <\/span><\/span><span class=\"TextRun SCXW30595200 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW30595200 BCX0\">exposes <\/span><\/span><span class=\"TextRun SCXW30595200 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW30595200 BCX0\">gaping holes in BlackRock\u2019s c<\/span><\/span><span class=\"TextRun SCXW30595200 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW30595200 BCX0\">limate <\/span><\/span><span class=\"TextRun SCXW30595200 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW30595200 BCX0\">policy, <\/span><\/span><span class=\"TextRun SCXW30595200 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW30595200 BCX0\">which even allows for investments in <\/span><\/span><span class=\"TextRun SCXW30595200 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW30595200 BCX0\">expanding<\/span><\/span><span class=\"TextRun SCXW30595200 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW30595200 BCX0\"> coal companies. The report underlines the need for <\/span><\/span><span class=\"TextRun SCXW30595200 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW30595200 BCX0\">rapid increase<\/span><\/span><span class=\"TextRun SCXW30595200 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW30595200 BCX0\"> in the ambition of BlackRock\u2019s coal pol<\/span><\/span><span class=\"TextRun SCXW30595200 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW30595200 BCX0\">icy, ahead of the crucial COP26 summit later this year.<\/span><\/span> <\/b><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing);\"><b style=\"color: #59bc6d;\"><span class=\"TextRun SCXW120370652 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW120370652 BCX0\">BlackRock <\/span><span class=\"NormalTextRun SCXW120370652 BCX0\">Can\u2019t<\/span><span class=\"NormalTextRun SCXW120370652 BCX0\"> Kick Coal<\/span><\/span> <\/b><\/span><\/p>\n<div>\n<p style=\"text-align: justify;\"><span class=\"TextRun SCXW155938367 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW155938367 BCX0\">BlackRock<\/span><\/span><span class=\"TextRun SCXW155938367 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"> <span class=\"NormalTextRun SCXW155938367 BCX0\">remains<\/span><span class=\"NormalTextRun SCXW155938367 BCX0\"> a massive investor in coal, with <strong>over <\/strong><\/span><\/span><strong><span class=\"TextRun SCXW155938367 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW155938367 BCX0\">$85bn of <\/span><\/span><span class=\"TextRun SCXW155938367 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW155938367 BCX0\">managed <\/span><\/span><span class=\"TextRun SCXW155938367 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW155938367 BCX0\">assets<\/span><\/span><span class=\"TextRun SCXW155938367 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW155938367 BCX0\"> invested in coal <\/span><\/span><span class=\"TextRun SCXW155938367 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW155938367 BCX0\">companies<\/span><\/span><\/strong><span class=\"TextRun SCXW155938367 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW155938367 BCX0\">. Even worse, <strong>i<\/strong><\/span><\/span><strong><span class=\"TextRun SCXW155938367 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW155938367 BCX0\">nvestments in coal <\/span><\/span><span class=\"TextRun SCXW155938367 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW155938367 BCX0\">producers <\/span><\/span><span class=\"TextRun SCXW155938367 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW155938367 BCX0\">with expansion plans, <\/span><\/span><span class=\"TextRun SCXW155938367 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW155938367 BCX0\">like<\/span><\/span><span class=\"TextRun SCXW155938367 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW155938367 BCX0\"> Sumitomo or <\/span><\/span><span class=\"TextRun SCXW155938367 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW155938367 BCX0\">KEPCO<\/span><\/span><span class=\"TextRun SCXW155938367 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW155938367 BCX0\">, total over $24bn<\/span><\/span><\/strong><span class=\"TextRun SCXW155938367 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW155938367 BCX0\">.<\/span><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing);\"><b style=\"color: #59bc6d;\">Gaping Holes <\/b><\/span><\/p>\n<p style=\"text-align: justify;\"><span class=\"TextRun SCXW253281420 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW253281420 BCX0\">BlackRock\u2019s global coal policy <\/span><\/span><span class=\"TextRun SCXW253281420 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW253281420 BCX0\">affects <strong>only 17% of the entire coal industry<\/strong><\/span><\/span><span class=\"TextRun SCXW253281420 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW253281420 BCX0\"> and ignores the most carbon-intensive part of the industry.<\/span><\/span> <span class=\"TextRun SCXW253281420 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW253281420 BCX0\">Accordingly<\/span><\/span><span class=\"TextRun SCXW253281420 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW253281420 BCX0\">, BlackRock\u2019s policy<\/span><\/span><span class=\"TextRun SCXW253281420 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW253281420 BCX0\"> <strong>allows for investment in 333 publicly listed companies along the coal value chain<\/strong><\/span><\/span><span class=\"TextRun SCXW253281420 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW253281420 BCX0\">, according to the Global Coal Exit List<\/span><\/span><span class=\"TextRun SCXW253281420 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW253281420 BCX0\">. Nor does the policy exclude coal companies with expansion plans.<\/span><\/span><\/p>\n<p><span class=\"TextRun SCXW189751918 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW189751918 BCX0\">What\u2019s<\/span><span class=\"NormalTextRun SCXW189751918 BCX0\"> more<\/span><\/span><span class=\"TextRun SCXW189751918 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW189751918 BCX0\">, BlackRock\u2019s policy only applies to its <\/span><\/span><span class=\"TextRun SCXW189751918 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2 SCXW189751918 BCX0\">actively-managed<\/span><\/span><span class=\"TextRun SCXW189751918 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW189751918 BCX0\"> portfolio. This means that that more than two-thirds of BlackRock\u2019s total assets are passively managed<\/span><\/span><span class=\"TextRun SCXW189751918 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW189751918 BCX0\"> and<\/span><\/span><span class=\"TextRun SCXW189751918 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW189751918 BCX0\"> are not covered<\/span><\/span><span class=\"TextRun SCXW189751918 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW189751918 BCX0\"> by this policy<\/span><\/span><span class=\"TextRun SCXW189751918 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW189751918 BCX0\">. Concretely, <\/span><\/span><strong><span class=\"TextRun SCXW189751918 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW189751918 BCX0\">BlackRock can still invest in every single coal company in the world via its index funds<\/span><\/span><span class=\"TextRun SCXW189751918 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW189751918 BCX0\">.<\/span><\/span> <\/strong><\/p>\n<p style=\"text-align: justify;\"><b style=\"color: #59bc6d;\">Climate failure<\/b><\/p>\n<p style=\"text-align: justify;\"><span class=\"TextRun SCXW14996365 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW14996365 BCX0\">Elsewhere, the report reveals widespread failures on climate action. There are <\/span><\/span><span class=\"TextRun SCXW14996365 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW14996365 BCX0\">n<strong>o exclusion policies whatsoever around oil and gas<\/strong><\/span><\/span><span class=\"TextRun SCXW14996365 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW14996365 BCX0\">.<\/span><\/span><span class=\"TextRun SCXW14996365 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW14996365 BCX0\"> BlackRock\u2019s engagement strategy shows similar poor returns: <\/span><\/span><span class=\"TextRun SCXW14996365 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW14996365 BCX0\"> BlackRock voted against 88% of climate resolutions in 2020, a<\/span><\/span> <span class=\"TextRun SCXW14996365 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW14996365 BCX0\">worse<\/span><\/span><span class=\"TextRun SCXW14996365 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW14996365 BCX0\"> record<\/span><\/span><span class=\"TextRun SCXW14996365 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW14996365 BCX0\"> than<\/span><\/span><span class=\"TextRun SCXW14996365 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW14996365 BCX0\"> in<\/span><\/span><span class=\"TextRun SCXW14996365 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW14996365 BCX0\"> 2019. <\/span><\/span><\/p>\n<p><b style=\"color: #59bc6d;\">Policy proposals<\/b><\/p>\n<p style=\"text-align: justify;\"><span class=\"TextRun SCXW128511791 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW128511791 BCX0\">The report lays out clear demands for BlackRock to improve its climate record<\/span><\/span><span class=\"TextRun SCXW128511791 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW128511791 BCX0\">, starting with a <\/span><\/span><span class=\"TextRun SCXW128511791 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW128511791 BCX0\">strict <\/span><\/span><span class=\"TextRun SCXW128511791 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW128511791 BCX0\">exclusion of <\/span><\/span><span class=\"TextRun SCXW128511791 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun CommentStart SCXW128511791 BCX0\">all companies<\/span><\/span><span class=\"TextRun SCXW128511791 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW128511791 BCX0\"> with coal expansion plans. <\/span><\/span><span class=\"TextRun SCXW128511791 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW128511791 BCX0\">Coal free products should become the default choice for clients and become the lead investment products<\/span><\/span><span class=\"TextRun SCXW128511791 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW128511791 BCX0\"> that BlackRock offers.<\/span><\/span><\/p>\n<\/div>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-border-sizes-top:1px;--awb-border-sizes-bottom:1px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-padding-top:10px;--awb-padding-right:10px;--awb-padding-left:10px;--awb-overflow:hidden;--awb-bg-size:cover;--awb-border-color:#8ac56b;--awb-border-top:1px;--awb-border-right:1px;--awb-border-bottom:1px;--awb-border-left:1px;--awb-border-style:solid;--awb-border-radius:10px 10px 10px 10px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-2\"><p style=\"text-align: center;\"><b><i>Read the full report<\/i><\/b><\/p>\n<\/div><div class=\"fusion-image-element fusion-image-align-center in-legacy-container\" style=\"text-align:center;--awb-max-width:200px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-1 hover-type-none\" style=\"border:6px solid #8ac56b;\"><a class=\"fusion-no-lightbox\" href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/01\/OneYearOnBlackRockStillAddictedToFossilFuels.pdf\" target=\"_blank\" aria-label=\"OneYearOnBlackRockStillAddictedToFossilFuels-1-7-1\" rel=\"noopener noreferrer\"><img decoding=\"async\" width=\"1654\" height=\"2339\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/01\/OneYearOnBlackRockStillAddictedToFossilFuels-1-7-1.png\" alt class=\"img-responsive wp-image-7756\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/01\/OneYearOnBlackRockStillAddictedToFossilFuels-1-7-1-200x283.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/01\/OneYearOnBlackRockStillAddictedToFossilFuels-1-7-1-400x566.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/01\/OneYearOnBlackRockStillAddictedToFossilFuels-1-7-1-600x848.png 600w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/01\/OneYearOnBlackRockStillAddictedToFossilFuels-1-7-1-800x1131.png 800w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/01\/OneYearOnBlackRockStillAddictedToFossilFuels-1-7-1-1200x1697.png 1200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/01\/OneYearOnBlackRockStillAddictedToFossilFuels-1-7-1.png 1654w\" sizes=\"(max-width: 800px) 100vw, 1200px\" \/><\/a><\/span><\/div><\/div><div class=\"fusion-text fusion-text-3\"><p style=\"text-align: center;\"><b><i><u><a href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/01\/OneYearOnBlackRockStillAddictedToFossilFuels.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Download the report<\/a><\/u><\/i><\/b><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":28,"featured_media":8506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[224],"tags":[402,876],"acteurs_financiers":[2275],"thematique":[2421,2423],"webinar_type":[],"programme":[],"class_list":["post-7877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-report","tag-blackrock-en","tag-climate-change","acteurs_financiers-asset-managers-en","thematique-coal","thematique-fossil-fuels"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>One year on: BlackRock still addicted to fossil fuels - Reclaim Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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