| DAMON WINTER/The New York Times | | BlackRock Inc., the world’s largest fund manager, is accelerating its push to reduce the risks of climate change for clients, asking corporate leaders to disclose how their companies will fare in a “net-zero” economy and selling its stakes in those that fail to live up to heightened standards. | | BlackRock chief executive officer Larry Fink said in his annual letters to the CEOs of companies in the firm’s portfolio and to BlackRock clients that the COVID-19 pandemic has intensified the reallocation of capital to investments with lower-climate risk. Activity boomed as countries made new pledges to get to net zero – when greenhouse gas emissions are simultaneously reduced and offset – as they plotted economic recovery. |  | | | More stories below advertisement | | | | Oil prices ticked up on Tuesday alongside rising European shares and amid reports of a blast in Saudi Arabia, trading near 11-month highs. | | | | | |
/cloudfront-us-east-1.images.arcpublishing.com/tgam/V5VOM3YD7VCWTJ3EIPRR4JNFPI.JPG "BlackRock’s shift to ‘net-zero’ investments is accelerating, CEO Larry Fink says")
BlackRock’s shift to ‘net-zero’ investments is accelerating, CEO Larry Fink says
/cloudfront-us-east-1.images.arcpublishing.com/tgam/YSA7SKC3QRNQ3JFQBAHMR27IVQ.JPG "Oil prices tick up with European shares amid Saudi blast reports")
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