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Greta Thunberg told delegates at Davos that “Our house is still on fire. Your inaction is fueling the flames by the hour."

"When the world’s largest asset manager, BlackRock places sustainability and climate risk at the center of its investment approach, and commits to stronger sustainability advocacy actions, it is game-changing for capital markets.”

BlackRock is the world’s largest fund manager, which has nearly US$6.5 trillion of assets under management. BlackRock may be wealthy, but that does not make it wise.

One of Britain’s biggest fund managers has started selling shares in Exxon Mobil, "saying America’s largest oil company isn’t doing enough to address climate change.”

The beginning of the end of the age of oil moved a step closer today

The prospects for the shale industry are looking increasingly bleak this year as it haemorrhages investor cash, continues to experience widespread community resistance, especially in Europe, and fails to find adequate gas reserves.

Last month, Oil Change International and Desmogblog reported on the formation of a new organization, The Institute for Pension Fund Integrity (IPFI), which had published its first “white paper” on “getting politics out of pensions.”

"The fund management sector recognises the imminent risks posed to fossil fuel investments from climate change and the transition toward a zero-carbon economy”

Last week a newly formed organization, The Institute for Pension Fund Integrity (IPFI), published its first “white paper” on the topical issue of “getting politics out of pensions”.

Although Canada’s controversial tar sands industry celebrated a small increase in production last year, this year’s forecast is looking gloomy, as investors continue to take flight over the climate risks and the relatively low oil price means that other oil patches look more profitable.