The Climate Solutions Fund is a fillip for the Government’s fossil fuel backers and offers little in the way of energy policy reform to reduce either Australia’s emissions or power prices. Tim Buckley reports.
BlackRock, the world’s biggest fund, is quitting thermal coal. The move by the $10 trillion fund has stunned financial markets. While the people protest in the streets, progressive analysts such as IEEFA’s Buckley, who had lobbied hard for the BlackRock decision, protest about climate change to global finance bosses.