During the three years Deese spent as head of sustainability at BlackRock, the largest investment firm in the world, the company increased its holdings tied to deforestation. BlackRock has been dubbed the "world’s largest investor in deforestation" by Amazon Watch. BlackRock’s investment in deforestation-risk commodities increased by more than half a billion dollars between 2014 and 2018. Though he’s drawn harsh criticism by progressive groups, Biden has hailed Deese as the first NEC director "who is a true expert on climate policy." CLICK HERE TO GET THE FOX NEWS APPBlackRock last year announced renewed efforts to sustainability and more transparency into how it uses its stakes in the world's largest companies.

Source: Fox News February 18, 2021 01:52 UTC