World's largest asset manager shifts focus to climate change

NEW YORK -- NEW YORK -- BlackRock, the world's largest asset manager, will make climate change central to its investment decisions.

Founder and CEO Laurence Fink, who oversees the management of about $7 trillion in funds, said in his influential annual letter to CEOs Tuesday that he believes we are "on the edge of a fundamental reshaping of finance" because of a warming planet.

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