Divest From Blackrock

Action Network: BlackRock, the world’s largest investment firm, has more money invested in the fossil fuel and agribusiness industries—the biggest drivers of climate change—than any other company in the world. That means that BlackRock’s portfolio constitutes a huge liability for putting the planet on a path towards runaway climate change. In fact, BlackRock contributes more to climate change than almost any other company on Earth. The Amazon rainforest and its Indigenous inhabitants are under acute threat from BlackRock, which is taking advantage of Brazilian President Jair Bolsonaro’s removal of environmental barriers to economic activities in the Amazon. And now they will have even more access to deforestation and destruction. Bolsonaro has advocated for the opening of new areas of the Amazon rainforest to agriculture and industry. As a result, BlackRock announced plans to expand its operations in Brazil after Bolsonaro was elected. Moves like this signal strong support for Bolsonaro, whose rhetoric is inspiring violence against Indigenous communities in the Amazon and beyond. As one of the largest investors in Brazil’s agribusiness industry, BlackRock could use its financial clout to curb, not encourage, further forest destruction. It should divest from companies that continue these destructive practices. Daily Kos