Energy
 

January 26, 2021

 
 
Top news
 
BlackRock’s shift to ‘net-zero’ investments is accelerating, CEO Larry Fink says
 

DAMON WINTER/The New York Times

  BlackRock’s shift to ‘net-zero’ investments is accelerating, CEO Larry Fink says
 

Jeffrey Jones

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.
 
 
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Oil price update
 
Oil prices tick up with European shares amid Saudi blast reports
 

ANGUS MORDANT/Reuters

  Oil prices tick up with European shares amid Saudi blast reports
 

Shadia Nasralla

Oil prices ticked up on Tuesday alongside rising European shares and amid reports of a blast in Saudi Arabia, trading near 11-month highs.
 
 
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Latest posted news
 
  IEA launches global group to tackle fallout from energy transition
 
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What will define the road map to net-zero GHG emissions?
 
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  Canadian crude-by-rail exports surged 87% in November amid limited pipeline capacity
 
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  Obsidian Energy extends hostile takeover offer for Bonterra Energy to March 29
 
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  Oil rises 1% on U.S. stimulus hopes, supply concerns
 
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#HelpZeroCanada
 
Find articles and insight to help you navigate everything from working remotely and learning online, to maintaining your health and fitness routine and managing your personal finances. Any way we can help Canadians feel more secure, less anxious and more optimistic in this time will help get Canada to zero.
 
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