Major U.S. Investor Says Watch Out For Climate Change

lackRock Says Investors Need to Assess Climate Change When Investing; Because of likely physical effects, technological changes, and regulatory and social responses.

September 6, 2016 (Reuters via Fortune)

“BlackRock, the world’s largest asset manager, said all investors should factor climate change into their decision-making and doing so would not mean having to accept lower returns…[The China-United States ratification of a 2015 plan to curb climate-warming emissions raises] chances it will enter into law this year…BlackRock BLK 0.45% said it is strengthening its data and analytical processes to reflect changes to the environment — and political responses to them…In a 16-page report released after the G20 meeting in China, BlackRock, which manages more than $4.9 trillion in assets, said risks and opportunities would come through the physical effects of climate change, technological change, as well as the regulatory and social response…In the report, BlackRock suggested higher carbon prices could limit the cost of reducing emissions and push companies to create solutions to the problem…In the meantime, BlackRock said it was enhancing its data mining efforts to reduce the risk to its investments…” click here for more

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