Activists from the environmental group Extinction Rebellion gathered outside the London offices of finance giant BlackRock on Friday, to protest its investments in the fossil fuel industry and in companies contributing to the destruction of the Amazon rainforest.
Holding posters and waving the group’s hourglass flag, activists threw ashes in front of the company’s UK headquarters as a demonstration of what is being done with the world’s largest rainforest.
“[BlackRock] is the biggest basically funder of coal in the whole world. It beats everyone. It’s bigger than any bank in the world but it sort of hides away down here you wouldn’t think there’s much going on. But actually this is what enables deforestation of the Amazon,” said activist Chris Parish.
Friends of the Earth, an international network of environmental organisations, has labelled BlackRock the “world’s largest investor in deforestation” in a report published in 2019. It has also been criticised for being one of the largest investor in fossil fuels in the world, being among the top three shareholders in six of the seven largest oil and gas companies in the world, and among the top 10 shareholders in seven of the 10 biggest coal producers.
Support Red Revolution
Red Revolution is not sponsored or endorsed by big business, corporations or billionaire oligarchs, we have no resources and no backing. We rely on you to keep going.
Our monthly expenses include hosting services, specialist website subscriptions and services, photo media subscriptions, newswire services and marketing. We currently are unable to issue any payment to writers.
It is our hope that we will one day be able to be a people funded and maintained service who are uniquely positioned to give a voice to the voiceless without any influence from corporatism.
If you value our articles please consider a donation to ensure the continuation of our work. Thank you.