BlackRock vows tougher climate scrutiny

How it works: From the NYT piece...

• "BlackRock’s size gives it enormous influence: Mr. Fink can seek to oust directors of companies that he doesn’t believe are heeding his call and he can dump the shares of companies owned by the firm’s actively managed funds."
• The Times also reports that BlackRock is planning a “heightened-scrutiny model” on climate risk for actively managed funds, including “flagging holdings for potential exit.”

Yes, but: Climate activists have criticized BlackRock's past efforts as often more bark than bite, despite steps like voting against some Exxon board members.