BlackRock fund to stop investing in oil sands

The world’s largest asset manager will step away from the polluting fossil fuel resource, which is seen to be among the ‘dirtiest’ forms of energy on the planet

BlackRock has announced one of its fastest-growing green funds is to stop investing in tar sands.

The world’s largest asset manager will step away from the polluting fossil fuel resource - the high energy intensity of oil sands extraction, refining, and transport make it among the 'dirtiest' forms of energy on the planet.

Most of the world's tar sands are located in Northern Alberta - the resources in the region are said to be the third-largest reserves of fossil fuels in existence.

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