News

Fossil investments: Which countries are funding fossil fuels

Share
Copied!

Published: July 9th, 2024,
Last updated: January 4th, 2025

BlackRock Vermögensverwaltung New York
Blackrock is one of the institutional investors that invests the most in fossil fuels.

Currently, institutional investors have 4.3 billion dollars invested in bonds and stocks of companies involved in fossil energy projects. This amount comes from the financial research report „Investing in Climate Chaos„, conducted by the German NGO Urgewald and 13 partner organizations. The databases „Global Exit Coal List“ and „Global Oil and Gas Exit List“ list 7,500 institutional investors, including pension funds, insurers, asset managers, hedge funds, sovereign funds, foundation funds, and asset management subsidiaries of commercial banks.

Sign up now and continue reading immediately

No credit card details required. No automatic renewal.

Share
Copied!
Coal Investments Fossile Brennstoffe Fossil fuels