Tuesday, December 31, 2024
Larry Fink fears for the energy transition, warns of massive ‘market arbitrage’- oil and gas 360

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

CNBC 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 chaired by CNBC’s Julianna Tatelbaum during the COP26 climate conference in Glasgow, Scotland, Fink praised public companies for increasing their reporting of

Blackrock CEO says the world is on track to lose climate change fight- oil and gas 360

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 billion a year, so we’re on a pathway of failing,” Fink said Tuesday at the Institute of International Finance annual

BlackRock CEO says Shell decarbonisation ruling “not a solution”- oil and gas 360

BlackRock CEO says Shell decarbonisation ruling “not a solution”

Reuters 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 on Thursday. BlackRock BLK.N CEO Larry Fink said the ruling that requires Shell to deepen its planned greenhouse gas emission cuts was an

Stakeholder capitalism set to become ‘more and more important,’ says BlackRock’s Fink- oil and gas 360

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

CNBC 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. “The one thing that is very clear in this Covid world … [is that] stakeholder capitalism is only going to