BlackRock is the canary in the coalmine. Its decision to dump coal signals what’s next →

The announcement matters, in part because of Blackrock’s sheer size. It is the world’s largest investor, with a total of $US7 trillion in funds under its control. Its announcement it will “put climate change at the center of its investment strategy” raises questions about the soundness of smaller financial institutions that remain committed to coal and to a carbon-based economy. THE CONVERSATION