The energy complex has been a challenging space in which to invest given oil prices and concerns about climate change and environmental, social, governance ((ESG)) investing. It seems recently that theme is being tapped into by others increasingly. Is it driven by genuine concern, public relations, or the upcoming election with changes in policy? Perhaps by all of the above.
In the Wall Street Journal, Blackrock (BLK) just announced taking a tougher stance against corporations on climate risk disclosure, including its own funds and practices. Toward that goal, the firm will pull