BlackRock joins pressure group taking on biggest polluters

World's largest investor signs up to Climate Action 100+ after criticism from activists

BlackRock, the world's largest investor, has joined an influential pressure group calling for the biggest polluters to reduce their emissions, after criticisms that it was undermining action addressing the climate crisis.

The US investment firm has signed up to Climate Action 100+, a group of investors managing assets worth more than $35tn (27tn), that pressures fossil fuel producers and other companies responsible for two-thirds of annual global industrial emissions to show how they will reduce carbon dioxide pollution.