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Airline pension plan breached fiduciary duty with BlackRock ESG strategy, US judge rules
13 January 2025American Airlines breached the fiduciary duty it owed its pension plan clients under US federal law by selecting BlackRock, because it allowed the latter's "ESG interests" - rather than just its financial interests - to influence investment decisions, a judge ruled.
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Berkshire Hathaway divests from airline industry
05 May 2020Insurance and investment conglomerate Berkshire Hathaway has sold its entire $6.5 billion investment in the US airline industry because of the impact of the coronavirus outbreak.
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Climate Action 100+ expands its reach and attracts new backers
04 July 2018An additional 61 companies have been added to Climate Action 100+ list, increasing the reach of the investor-backed initiative that aims to engage with "systemically important greenhouse gas emitters".