BlackRock quits climate group as Wall Street lowers environmental profile

BlackRock quits climate group as Wall Street lowers environmental profile

FILE PHOTO: The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid/File Photo

BlackRock, the world’s biggest asset manager, said on Thursday it will leave the Net Zero Asset Managers Initiative, the latest Wall Street firm to leave an environmentally focused investor group under pressure from Republican politicians.

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