12 Projects Wrecking Paris - BlackRock's Big Problem

Banks and investors like BlackRock continue to pour billions into the fossil fuel companies developing large-scale, contested coal, oil, and gas expansion projects. In December 2020, on the fifth anniversary of the Paris Climate Agreement, a new report highlighted 12 mega projects that alone will use up 75% of our global carbon budget if we are to limit warming to 1.5 degrees Celsius. BlackRock is the top investor in the report's coal, oil, and gas companies.