Business > Economy

One of BlackRock's most senior executives said transitioning to a low-carbon economy is key to growing its alts business. This belief comes as the money manager faces heavy scrutiny over its ESG stance

2 monthes ago   |   By Business Insider

Hi. Aaron Weinman here. BlackRock's bullish stance on all things environmental, social, and governance has drawn criticism from a number of politicians, both conservative and progressive. Those on the left of the aisle argue the asset manager could do more to support a transition to a low-carbon economy, while conservatives reckon BlackRock's position on the climate crisis ostracizes heavy-carbon emitting industries. BlackRock's head of international and corporate strategy, Mark Wiedman, told a conference panel that helping finance the transition is an integral way to grow the firm's...
Read more ...

 


Search by Tags

   Economy      Industry      Finance      BlackRock      ESG Investing      Energy transition      Newsletters      10 Things on Wall Street  


Apple is laser-focused on the privacy of data and end-user experience as it...

Apple is navigating its mission for data privacy while innovating new A.I. products. Read more ...

Johns Hopkins' inaugural economic development vice president leaves for...

Alicia Wilson will become the managing director of JPMorgan Chase's North American regional philanthropy team by the end of the year. Read more ...

Title insurer Doma cuts 40% of workforce in third wave of layoffs

Doma executed its third - and largest - wave of layoffs in seven months, this time shedding 515 employees. The digital title insurance provider cut 40 percent of its remaining... Read more ...

Alexia Echevarria ‘expected' Lenny Hochstein to cut Lisa off financially

Alexia Echevarria ‘expected' Lenny Hochstein to cut Lisa off financially

"Men like to keep their money so they can spend it with the next woman," the "RHOM" star tells Page Six. "So it gets ugly, it gets nasty and that's expected." Read more ...

Column: Rescinding the military's COVID vaccine rule is the Democrats'...

The COVID vaccine saves lives and makes our armed forces stronger, so why did Democrats give up on the mandate? Read more ...

Has childcare pushed you to quit your job or delay finding work?

Has childcare been a factor in your decision to quit your job or delay finding work? If so, we'd love to hear from you. Read more ...

Eleven more women accuse dead Florida doctor of criminal and suspicious...

Warning: This story contains descriptions of sexual abuse. Read more ...

Federal judge dismisses crypto scam lawsuit against Kim Kardashian, Floyd...

The dismissal comes after Kim Kardashian paid over $1 million in October to settle with the SEC over her promotion of EthereumMax. Read more ...

First-ever California offshore wind auction surpasses $757 million in bids

The sale is a major milestone in the Biden administration's goal of building offshore wind turbines across the nation's coastlines to help power communities. Read more ...

Has Trump Run Out The Clock On His Tax Returns Yet Again?

The recent efforts of House Democrats to obtain former President Donald J. Trump's tax returns provides a case study of a litigant running out the clock on his opponent. Read more ...