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BlackRock has moved rapidly on climate – but Adani exposures remain a major obstacle
One of the successes of the COP26 summit was the growth in the UN-convened Glasgow Financial Alliance for Net Zero to a US$130 trillion of collective assets, almost double the total of just six months ago. Enforcement of the substance of this pledge comes next. And within that, BlackRock has moved massively on the issue of climate finance. But its exposure to the Adani group is a major inconsistency.
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