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ABC NewsCorporate America took notice four years ago when Larry Fink, CEO of investment giant BlackRock, declared climate change a top concern. “Climate risk is investment risk,” Fink wrote in an annual letter popular in C-suites.His latest letter, released last month, spans well over 100 paragraphs before the first mention of “climate.” Whereas Fink mentioned “climate” a total of 29 times in the 2020 letter, he wrote it just four times in the missive last month.The shift in Fink’s letters has coincided with an apparent wider chill of momentum behind climate action among many of the world’s largest companies, which have faced a conservative backlash against sustainable business practices derided as “woke capitalism,” experts told ABC News.Many firms have struggled to follow through on ambitious, years-old climate pledges, in part due to high interest rates that make funding more expensive, the experts added, noting that some environmentally conscious companies have
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