A $7 trillion Wall Street powerhouse is finally matching its climate-change rhetoric with action

Jan 14, 2020 - Quartz

BlackRock chairman and CEO Larry Fink signed two letters today that could change the face of Wall Street as we know it. The first, to CEOs hoping for a slice of the nearly $7 trillion in assets that BlackRock manages, makes a compelling argument that climate change “has become a defining factor in companies’ long-term prospects.” The second letter, to BlackRock clients, explains what the firm is doing about it.

The pairing of the two letters could easily represent a tipping point for...