BlackRock increases Santos stake

AMERICAN global investor BlackRock has become a substantial shareholder in Adelaide-based oil and gas producer Santos, passing the 5% mark after a concerted buying campaign run since October 2019.

BlackRock increases Santos stake BlackRock increases Santos stake BlackRock increases Santos stake BlackRock increases Santos stake BlackRock increases Santos stake

Activist investor a significant shareholder in oil and gas producer following thermal coal dumping

It comes as the giant money manager announced climate risk was central to its investment strategy and it would no longer put money towards thermal coal.