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Blackrock: Take Action

Closed For Good

Extinction Rebellion is running the #ClosedForGood Campaign, demanding the fossil fuel industry, and the governments and financial institutions that enable them, to Close for Good as the global economy recovers from the coronavirus. We need a rapid global transition away from fossil fuels to renewable energy and ecological sustainability if we are to avoid climate and ecological catastropihe, and the resulting social collapse.

Fossil fuel projects don’t just need governmental approval - they also need money. Many investment firms use customer's money to invest in fossil fuel projects, the very projects that perpetuate global heating, ecological destruction, and fuel the Sixth Mass Extinction.

Blackrock

Since the financial crisis of 2008, asset managers have become the biggest owners of the economy. The largest investor is BlackRock, holding $6.4 Trillion in assets. BlackRock is also the largest owner of fossil fuel companies, owning more coal, oil and natural gas, and destroying more of the rainforest than any other company in the U.S.

Larry Fink, BlackRock's CEO, has called on companies to have a “social purpose” and make a “positive contribution to society," but his own business practices are creating conditions that are pushing the Earth towards her tipping points and leading us further down the path to extinction.

TAKE ACTION


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