The Blackrock letter did not state that they are divesting from fossil fuels in 2020. It stated that they are planning to remove companies that generate more th

The Blackrock letter did not state that they are divesting from fossil fuels in 2020. It stated that they are planning to remove companies that generate more than 25% of their revenue from thermal coal production (i.e., thermal coal producers that are not diversified, meaning the large diversified thermal coal producers are not affected) from their discretionary active investment portfolios, which only accounts for a minority of their assets. Note that thermal coal is already declining in the US and other markets due to increased competition primarily from natural gas, a fossil fuel which, like oil, the letter says nothing about. https://www.blackrock.com/corporate/investor-relations/blackrock-client-letter https://www.blackrock.com/corporate/investor-relations/black...