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BlackRock Takes Heat From New York City Over Climate Stance

The official responsible for New York City’s public pension funds is pressing BlackRock to recommit to achieving net zero emissions across its investment portfolio.

In a letter Wednesday to BlackRock Chief Executive Larry Fink, New York City Comptroller Brad Lander said the asset manager’s voting record in the 2022 proxy season and recent public statements have him concerned that BlackRock is backtracking on its climate commitments