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Fossil fuel holdings cost BlackRock investors $90bn

BlackRock has lost more than US$90 billion ($133bn) by investing in fossil fuel-dependent companies over the last decade, a new report criticising the world's largest fund manager about its failure to manage climate risk shows.

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Read more: BlackRockIEEFAESGChevronExxonMobilFinancial AnalysisGeneral ElectricLarry FinkPeabody Energy