December 1, 2023

The revolution against coal won’t be televised… at least if the banking sector has anything to do with it. 

The Net Zero Asset Managers initiative that was launched in December 2020 features signatures from 236 organizations with the goal of reducing greenhouse gas emissions to zero by 2050 or sooner. 

Signatories include asset manager like BlackRock  (BLK) – Get BlackRock, Inc. Report.

Such a noble endeavor on the front end may be undermined by the business reality that coal is still one of the world’s top natural resources, providing about a third of the United States’ energy.