Blackrock: Oil Firms With Net-Zero Plans Are An “Under-Appreciated Opportunity”

BlackRock believes that carbon-intensive companies—including in oil and gas—which have plans for decarbonization could be “an underappreciated opportunity for investors,” the world’s biggest asset manager said in a letter to clients. “We believe an underappreciated opportunity for investors seeking to drive the transition lies in identifying carbon-intensive companies that are positioning themselves to lead decarbonization within their industries,” BlackRock said in its note ‘How to invest in the…