Companies Say They Care About the Climate. Their Actions Fall Short.

SourceThe New York Times
SectorEconomy
CountryMiddle east

Credit...Andrea ChronopoulosSkip to contentSkip to site indexCompanies Say They Care About the Climate. Their Actions Fall Short.Many big businesses have not set targets for reducing greenhouse gas emissions. Others have weak goals.Credit...Andrea ChronopoulosBy Peter Eavis and Clifford KraussFeb. 22, 2021, 10:15 a.m.

ETFor the past several years, BlackRock, the giant investment firm, has cast itself as a champion of the transition to clean energy.Last month, Laurence D. Fink, BlackRock’s chief executive, wrote that the coronavirus pandemic had “driven us to confront the global threat of climate change more forcefully,” and the company said it wants businesses it invests in to remove as much carbon dioxide from the environment as they emit by 2050 at the latest.But crucial details were missing from that widely read pledge, including what proportion of the companies BlackRock invests in will be zero-emission businesses in 2050. Setting such a goal and earlier targets would demonstrate the seriousness of the company’s commitment and could force all sorts...read more...