 | BlackRock and FTSE reacting to a groundswell of concern over the future of fossil fuels, and in particular to the call for divestment:
"In a sign that a global campaign against fossil fuels is entering the financial mainstream, companies that extract or explore for such fuels are excluded from a new set of indices created by FTSE, a large provider of stock market indexes"
Companies that are barred from the indices include BP and BHP Billiton. The NRDC is involved in designing the indices. More than $670bn is invested annually in fossil fuel assets whose value could plummet if governments act to curb climate change. |
