None of the world’s largest asset managers has definitively called on fossil-fuel companies to stop the development of new oil and gas projects. Surely, one would think, given all the climate-conscious talk coming from Wall Street bigwigs like BlackRock Inc. Chief Executive Officer Larry Fink , that the investment industry would be using all of its muscle to press the world’s worst polluters to reduce their production of dangerous greenhouse gases. Instead, the opposite is true. Together, 30 of the biggest asset managers have at least $550 billion invested in oil, gas and coal companies that have expansion plans, and even more alarmingly, they continue to provide “fresh cash to companies that are ignoring climate science,” said Lara Cuvelier , sustainable investment campaigner at Reclaim Finance , a nonprofit which published a scorecard Wednesday grading investment firms on […]