It's been called "the biggest driver of climate
destruction on the planet". And now the EU wants its advice
on green finance?
The EU Commission has hired
BlackRock, which manages billions in coal, oil and gas
investments, as an advisor on its new sustainable banking
regulations. They might as well be asking a shark how to
keep beaches safe!
Only a massive public outcry can
stop this from becoming a climate catastrophe. Tell the
Commission to get rid of BlackRock and pass banking laws that put
our planet first!
Add
your name now to give BlackRock the boot.
BlackRock has been trying to paint itself as "socially
responsible" lately, and the EU's appointment is its biggest
coup yet.
But it's still cashing in on the
coal, oil, and gas production that's driving our planet to the point
of no return -- to the tune of $87 billion in holdings.
With its financial muscle, BlackRock could be
pushing for green change at the world's most powerful corporations.
But it isn't. In fact, it's using investors' assets to
block climate-related shareholder motions.
If done
correctly, the EU's green finance strategy could direct billions
towards clean energy and other sustainable, Earth-friendly
initiatives -- and away from dirty fossil fuels. That's why
we can't let BlackRock sink its claws into it. We need to
send a message to the EU that letting big banks and
investment funds set the agenda on sustainable finance is a recipe
for disaster.
Demand
the EU ditch BlackRock and create truly green finance laws.
BlackRock and its fellow corporate vultures might have all the
money, but people like you and me have the power to rein
them in. It worked last year, when we, our partners, and
over 120,000 SumOfUs members like you pushed the EU to crack down on
the finance sector's fake green investments. With your pressure,
they agreed on laws that will make it much more difficult to market
funds as 'sustainable' that are not.
Now, as the
coronavirus crisis emboldens big businesses to become ever more
shameless in their pursuit of profit, we've got to use that
power again. With enough people on board, the EU will have to listen
to us over BlackRock's self-serving "advice" -- will you join
now?
