Post Tagged with: "Larry Fink"

Source: CNBC

Larry Fink fears for the energy transition, warns of massive ‘market arbitrage’


LONDON — Larry Fink, chair and CEO of BlackRock, says the so-called energy transition toward greener power has to be radically rethought and blasted oil firms for selling out to private companies.

Speaking at the Green Horizon Summit …

Source: Reuters

Blackrock CEO says the world is on track to lose climate change fight

World Oil

(Bloomberg) –BlackRock Inc. Chief Executive Officer Larry Fink said emerging economies need about $1 trillion a year over the next three decades for the world to achieve carbon neutrality.

“Right now the emerging world is getting about $150 …

Source: Reuters

BlackRock CEO says Shell decarbonisation ruling “not a solution”


MILAN – Last week’s Dutch court decision against Royal Dutch Shell RDSa.L is not the way to solve the global decarbonisation issue and risks shifting the problem to private firms, the head of the world’s largest money manager said …

Source: Reuters

Stakeholder capitalism set to become ‘more and more important,’ says BlackRock’s Fink


In the aftermath of the coronavirus pandemic, stakeholder capitalism — or the idea that companies have a greater purpose besides just providing returns for shareholders — is set to become even more important, BlackRock CEO Larry Fink said Friday.…