What’s the scandal?
It broke in April 2020: BlackRock will advise the European Commission on sustainable banking rules – while itself being the world’s biggest investor in fossil fuels and holding billions of dollars of shares in European banks.
The EU claims it has big plans on sustainability, but this shows it’s too open to influence by big financial players. Letting BlackRock set the agenda on sustainability is a huge conflict of interest, and a recipe for disaster.
Even with the obudswoman putting this under investigation for conflict of interest, the EU is sticking by BlackRock – for now. Together we need to make sure they drop the contract, and come up with decent proposals instead.
Sign the petition.
The simplest thing you can do right now is sign the petition to the EU to drop the deal with BlackRock. Nearly 60,000 of us have already added their names. That’s huge – but we know to really make MEPs and the EU Commission take note, we need as many people as possible to sign. Sign the petition now, and then share it with others on social media.
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