{"id":311000,"date":"2020-01-18T11:45:11","date_gmt":"2020-01-18T06:15:11","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=311000"},"modified":"2020-01-18T11:49:03","modified_gmt":"2020-01-18T06:19:03","slug":"blackrock-to-exit-black-diamond","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/blackrock-to-exit-black-diamond\/","title":{"rendered":"BlackRock to exit black diamond"},"content":{"rendered":"<p>Kolkata: BlackRock, the world\u2019s largest money manager with $1.8 trillion in assets under management, has decided to exit the thermal coal sector.<\/p>\n<p>In a letter to its clients it said: \u201cThe most significant of\u2026factors today relates to climate change, not only in terms of the physical risk associated with rising global temperatures, but also transition risk \u2013 namely, how the global transition to a low-carbon economy could affect a company\u2019s long-term profitability.\u2026investment risks presented by climate change are set to accelerate a significant reallocation of capital, which will in turn have a profound impact on the pricing of risk and assets around the world.\u201d<\/p>\n<p>In the letter it said thermal coal is significantly carbon intensive, becoming less and less economically viable, and highly exposed to regulation because of its environmental impacts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kolkata: BlackRock, the world\u2019s largest money manager with $1.8 trillion in assets under management, has decided to exit the thermal coal sector. In a letter to its clients it said: \u201cThe most significant of\u2026factors today relates to climate change, not only in terms of the physical risk associated with rising global temperatures, but also transition risk \u2013 namely, how the global transition to a low-carbon economy could affect a company\u2019s long-term profitability.\u2026investment risks presented by climate change are set to accelerate a significant reallocation of capital, which will in turn have a profound impact on the pricing of risk and [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[194,130,136],"tags":[],"class_list":["post-311000","post","type-post","status-publish","format-standard","hentry","category-coal-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/311000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=311000"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/311000\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=311000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=311000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=311000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}