Hold BlackRock accountable!

This week, major oil & gas company Saudi Aramco announced that it signed a $15 billion deal with BlackRock.

This is completely at odds with the public stance BlackRock has been taking on climate. Just last year, BlackRock’s CEO Larry Fink pledged to “put sustainability at the center of the firm’s investment approach.” So why is BlackRock still injecting billions of new capital into dirty fossil fuel companies with clear plans to expand? Actions speak louder than words.

Hold BlackRock accountable for its new $15 billion pipeline deal by disrupting the firm’s greenwashing narrative on social media.

The deal gives BlackRock and a handful of other investors ownership over a newly formed subsidiary of Saudi Aramco focused on the maintenance and development of fossil fuel pipelines.

This new investment will provide Aramco with fresh capital to expand its fossil business, something that is clearly incompatible with curtailing catastrophic climate change. Fink just returned from COP26 in Glasgow, where he shared the stage with world leaders and touted his climate commitments; this new fossil fuel deal exposes the emptiness of Fink’s words.

Use this form to tweet at BlackRock to help make sure it doesn’t get away with more greenwashing.

Fink and BlackRock want to frame this deal as somehow permissible, but climate science is crystal clear: there’s just no room for fossil fuel expansion. That’s why this is a key moment to spread the word about BlackRock’s dirty new investments and how they drive us deeper into the climate crisis.

In solidarity,
Stop the Money Pipeline

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