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Search the Public Notice PortalActivists have staged a protest outside the Edinburgh offices of asset management giant BlackRock.
Members of Extinction Rebellion Scotland, Christian Climate Action and the Scottish Palestine Solidarity Campaign gathered outside Dundas House on Brandon Street from 11am today, April 22, to mark Earth Day.
Protesters accused BlackRock of investing in what they described as “climate violence, war and genocide”.
A United Nations report named the company as one of the largest investors in Israeli state treasury bonds, which help finance the country's military budget, as well as one of the largest investors in arms companies which supply the IDF.
Israel has been accused at the International Court of Justice of committing genocide in its actions in Gaza following the October 7 attacks in 2023, though a judgment is not expected for several years.
However, those actions have been defined as genocidal by groups including International Association of Genocide Scholars, Amnesty International, Médecins sans Frontières, and a UN Commission of Inquiry.
BlackRock is the world’s largest asset manager, with more than $14 trillion in assets under management and is reported to be one of the largest institutional investors in fossil fuels.
The protest included drummers from the Rhythms of Resistance network, Discobedience dancers and members of the activist choir Protest in Harmony.
A large banner reading 'BlackRock CRUSHING EVERYTHING AND EVERYONE' was displayed, alongside placards raising concerns about the firm’s investments and use of financial technology.
Levi Clark, a support worker with Extinction Rebellion Scotland, said: “Young families in Scotland like mine are struggling as BlackRock’s AI investment platform Aladdin, the algorithmic engine of the global financial system, drives historically unprecedented inequality.
“There have never been more billionaires, yet ordinary people everywhere are facing hardship.
“We need to wrestle back control of this technology’s future for the benefit of all humanity.”
A spokesman for the Scottish Palestine Solidarity Campaign said: “BlackRock uses its financial might directly against the Palestinian people."
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Alex Cochrane, website manager at Extinction Rebellion Scotland, said: “We are protesting on Earth Day because BlackRock is funding climate breakdown through its investments in fossil fuel companies and major polluters.
“They have captured finance and become too big to fail – we will all suffer from this, including the staff of BlackRock.
“Climate breakdown will destroy our way of life and their way of business.”
BlackRock has been approached for comment.
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