NEW YORK (Reuters) – Investor Jeffrey Ubben, already betting there may be cash to be produced from coaxing companies into being higher residents, gained an ally on Tuesday when BlackRock Inc chief Laurence Fink instructed firms to deal with local weather change or face his wrath.

FILE PHOTO: Jeffrey Ubben, Founder & CEO at ValueAct Capital, speaks on the Reuters Newsmaker occasion “The Way forward for Shareholder Activism” in Manhattan, New York, U.S., February 22, 2017. REUTERS/Andrew Kelly

Ubben, who based $17 billion ValueAct Capital in 2000, spent a yr constructing an ESG portfolio and is quick turning into considered one of Wall Road’s largest evangelists for…

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