BlackRock finds axing fossil fuels may boost performance in study for US pension funds

New York City divestment feasibility studies published as City Comptroller announces $6bn investment into climate solutions

Investment behemoth BlackRock has concluded that divesting fossil fuels does not harm - and may even boost - returns, in a long-awaited draft report commissioned on behalf of New York City’s pension funds.

New York City Comptroller Scott Stringer sought advice last year about the …

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