World's biggest fund manager vows to divest from thermal coal

BlackRock CEO says climate crisis will now dictate investments but environmentalists remain wary

BlackRock, the world's largest fund manager, has announced it will put sustainability at the heart of its investment decisions.

In his annual letter to chief executives, the BlackRock boss, Larry Fink, writes that the climate emergency is altering how investors view the long-term prospects of companies. "Awareness is rapidly changing, and I believe we are on the edge of a fundamental reshaping of finance."