NZAM suspends activities after BlackRock exit amid US political pressure

Q: How long will it take to read this news story?

The story "NZAM suspends activities after BlackRock exit amid US political pressure" has 622 words across 20 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "NZAM suspends activities after BlackRock exit amid US political pressure" was covered 1 days ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 271 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #25138364</li><li>URL: https://beamstart.com/news/nzam-suspends-activities-after-blackrock-173682520</li></ul>

Business Standard Logo Business Standard 1d ago

NZAM suspends activities after BlackRock exit amid US political pressure - Business Standard

Quick Summary:

BlackRock, which manages some $11.5 trillion in assets, left the Net-Zero Asset Managers (NZAM) initiative on Jan.

NZAM was set up in 2020 as executives and investors grew enthusiastic about solving climate change, sentiments that have faded.

Kathy Mulvey, a campaign director for the Union of Concerned Scientists, a Massachusetts-based advocacy organization, said groups including NZAM "have been an important avenue to keep us on track" toward meeting emissions-reduction targets.