BlackRock is dumping coal because coal is a dying business. The climate change point is just a convenient PR booster. If coal was still generating lots of free cash flow we wouldn't see this.
With that being said, it's nice to see that the coal industry is losing its economic strength. Hopefully other environmentally unfriendly industries follow suit soon.
With that being said, it's nice to see that the coal industry is losing its economic strength. Hopefully other environmentally unfriendly industries follow suit soon.