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BlackRock Faces Blue America Backlash From NYC Comptroller (1)

Sept. 22, 2022, 6:52 PM

Red America complains BlackRock Inc. is too green. Now blue America is complaining it’s not green enough.

In another sign of how the nation’s fractious politics are intruding even on Wall Street, the comptroller of New York City warned in a Sept. 21 letter to BlackRock Chief Executive Officer Larry Fink that he was “re-assessing” the Big Apple’s business with BlackRock, the world’s largest asset management company. The reason: BlackRock “abdicates responsibility” in not pushing corporations to do more to combat global warming.

New York City Comptroller Brad Lander said he’s become increasingly concerned that the firm, which manages ...