Chanticleer
BlackRock’s Larry Fink backs oil and gas
Larry Fink, the head of BlackRock, the world’s largest funds manager with $US10 trillion in assets under management, wants to help oil and gas firms make the transition to a net zero emissions economy.
Two years after taking a rigid divestment stance against thermal coal, BlackRock chairman and chief executive Larry Fink is backing the oil and gas industry as the world transitions to net zero carbon emissions.
In his annual letter to the CEOs of companies partly owned by the world’s biggest fund manager, Fink said the world needs to pass through “shades of brown to shades of green”.
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