Distaste for mining projects among investors is threatening net zero targets, the world’s biggest asset manager has warned.
Blackrock said a “complacent attitude” towards the sector has led to money managers underestimating the importance of base metals in delivering clean energy.
It said environmental apprehension around mining has led to a “staggering” investment gap, which could lead to a “scarcity” of critical raw materials.
Blackrock fund managers Evy Hambro and Olivia Markham said the mining and metals industry will play a critical role in achieving net zero, as they called for more investment to help the sector go green.
Blackrock recently launched a copper ETF and a critical minerals investment fund. Clearly, not sold all that well and they’re trying to drum up trade.
Aren’t Blackrock responsible for imposing all the ESG bollocks on business as well? So they caused any problem themselves.
Blackrock: anything to do with mining is wrongthink! Buy ESG stocks!
Also Blackrock: umm, all those ESG stocks depend on lots of evil mining. Buy those evil stocks!
Finally: we’re Blackrock, stuffed with the brightest people evah!
Farry Link – yes, our economic policy should be to kill the bankers.
Mining ought to be an attractive prospect. You dig big holes for removing the elements you need to make EV batteries and then those holes can be used as the waste tips for the batteries when the EV fraud collapses. Win, win.
Meanwhile: China Flips Finger, proceeds to dig for what they need, buying local politicians if needed.
My mining shares have been a real rollercoaster ride. They are in negative at the moment, but they are a HODL.
Grikath, for a moment I thought you said ‘burying local politicians’.
I was alarmed. If the Chinese really were adopting such a sensible policy, their final victory would be inevitable.
So what’s the “critical minerals investment fund” then?
Blackrock fund managers Evy Hambro and Olivia Markham said the mining and metals industry will play a critical role in achieving net zero, as they called for more investment to help the sector go green.
Nepo babies? A stint at Blackrock the modern equivalent of the Season and debutantes’ balls?
Anyone remember How Green Was My Valley? The product might be as green as rotten fish but mining never will be.
If there is a single arsehat responsible for the ESG scam it is Larry F’ing Fink. Now that twat is bitching about the consequences to is $12 Trillion investments?
Larry Fink sounds like he should be relieved of that money, before he does more harm.
Oh, Brown To Green Materials Fund. TNA, under 19Mln US. Oh dear.
“You dig big holes for removing the elements you need to make EV batteries”
Using bloody great diesel engined excavators and dump trucks. And while some excavators can be electrically powered (but is the ‘leccy actually green?), there is NO way a dump truck hauling several hundred tons of ore can run on batteries…