Dear John,

This week BlackRock, the world’s largest investment firm, made a HUGE
announcement: it will begin shifting hopefully trillions of dollars out of the
coal sector. In addition, it will make new investment products fossil-fuel free,
and engage with the energy sector to drive a transition away from the era of Big
Oil.

This is a major step toward climate justice -- shifting our investment dollars
away from planetary destruction and into climate solutions. And people like you
made this shift possible. You called, marched, and emailed BlackRock until its
CEO had no choice but to change BlackRock’s course.

But BlackRock still has a lot of work to do if it wants to protect the planet.
The destruction of the world’s forests is the second largest contributor to the
climate crisis -- and BlackRock has a huge deforestation problem. There is no
way to solve the climate crisis without protecting the world’s remaining
forests. Now let’s push to make sure BlackRock gets the message and adopts a No
Deforestation Policy!

Fight rainforest destruction: Tell BlackRock to adopt a No Deforestation Policy!
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Every year, big agribusiness slashes an area of tropical rainforest the size of
Oregon. Tropical deforestation displaces communities, destroys countless species
of plants and animals, and produces nearly a quarter of all global greenhouse
gas emissions.

BlackRock manages a jaw-dropping $7 trillion in assets. Despite its recent
commitments, BlackRock remains the largest investor in oil, gas, and rainforest
destruction. It has more money invested in big agribusiness than any other
investor in the world. Now that BlackRock is starting to pay attention to its
role in driving the climate crisis, it needs to defund deforestation.

What can BlackRock do to fight deforestation? It can use its shareholder power
to pressure companies to stop destroying forests. It can vote out the managers
at the companies that let these problems continue. When agribusiness companies
refuse to change their ways, BlackRock can exclude them from its portfolios. And
it can pioneer the development of deforestation-free funds for all of its
clients.

There is no way through the climate crisis that doesn’t involve making Wall
Street giants like BlackRock change their ways. With its new commitments to
addressing the climate crisis, BlackRock has a huge opportunity to stop
financing the destruction of land, forests, and communities.

Protect our planet’s last standing rainforests: Tell BlackRock to stop fueling
deforestation!
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In 2019, the world watched in horror as the Amazon Rainforest burned. This
destruction was driven by soy and cattle companies -- many of which are financed
by BlackRock.

Industrial plantation agriculture does not only cause deforestation -- it is
also a leading cause of violent land conflicts that dispossess and displace
Indigenous peoples and local communities.

BlackRock is one of the largest investors in agribusiness from Brazil to Borneo.
It’s time it got on the right side of history and stop funding deforestation and
human rights violations.

While BlackRock is bowing to public pressure and waking up to the climate crisis
-- the Wall Street giant has not agreed to stop its investments from tearing
down the world’s last great rainforests. Our house is on fire, it’s time for all
of us to act like it!

Join the anti-deforestation movement: Tell BlackRock to divest from
deforestation!
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Standing with you,
Gaurav Madan,
Senior forests and land campaigner,
Friends of the Earth

Contact Us:Friends of the Earth U.S.

Washington, D.C. | Berkeley, CA

1-877-843-8687

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