BlackRock's Larry Fink: Risks from climate change are bigger than the 2008 financial crisis with no Fed to save us

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BlackRock CEO Larry Fink used his annual letter to the world’s biggest companies to warn of the financial risks of climate change. “I do believe many of these problems could be solved. But the actions have to begin now.”

in companies' long-term prospects. … But awareness is rapidly changing, and I believe we are on the edge of a fundamental reshaping of finance."

BlackRock will put "sustainability at the center of our investment approach," he wrote — from portfolio construction to launching new investment products that screen fossil fuels. "For now over eight years, I've been writing CEO letters about 'long-termism,'" Fink told CNBC. "Nothing could be more 'long-termism' than climate change."

"I believe in the science. But I did not write it as an environmentalist. I wrote the letter as a capitalist," he said. "My job is, as a capitalist, to help prepare our clients for the redistribution of capital. And more importantly, through that is to provide them with an investment portfolio that will outperform."

Fink's comments come as business leaders, policymakers and investors prepare to travel to Davos, Switzerland, for the

 

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In Larry Fink's annual letter, blackrock announced it will focus on ESG as a core goal. ESG is increasingly becoming a bigger concern for shareholders. Visit to learn how equilarinc can help you implement ESG into compensation packages. CorpGov

He should move BlackRock's HQ to Beijing so he can attempt to influence the leadership in the PRC who are responsible for 65% of global carbon emissions and most other pollutants!

LOL, fink is nothing more than a globalist sabbatean jacobin puppet paroting the propaganda of his club of rome black nobility masters

The USA isn’t the problem as our politicians would have you believe. It’s China, India and a host of smaller countries US politicians have no influence over causing the issues being debated by unqualified people...politicians! Yes, the US can improve but we’re doing our part.🇺🇸

Sounds like a set up... if things go south blame climate change

It's the easiest thing in the world to make suggestions with no action. Whether you believe climate change or not, of he is serious, why is he investing in significant polluters. It's a bandwagon move. He would remove iShares US Oil & Gas Exploration & Production ETF $IEO.

Not with bullshit like the Bitcoin ponzi around.

In Larry Fink's annual letter, blackrock announced it will focus on ESG as a core goal. ESG is increasingly becoming a bigger concern for shareholders. Visit to learn how equilarinc can help you implement ESG into compensation packages. CorpGov

CEO Larry Fink = wokescold

👍

Larry Fink - owns THREE Homes (Manhattan, Vail, Salem) and his Company BlackRock is the 'largest investor in weapons manufacturing (2018). Hypocrite - Pied Piper. Climate Change? Give us a break. twitter replete with Blue Checkmarks slobbering - 'selling' narratives today:

DylanRatigan full video: Are we about to have some fun yet ? Me thinks Joe doth protest too much.🌎

Independent_ie

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Larry Fink: Risks from climate change are bigger than the 2008 financial crisis with no Fed to save usBlackRock will put 'sustainability at the center of our investment approach,' said CEO Fink, including everything from portfolio construction to launching new investment products that screen fossil fuels. JoeSquawk SquawkCNBC Joe is like Trump, always has to have the last word and is a real ass. Please quit being so aggressive Joe, even your fans are bothered by your antics. Cannot believe I feel for Andrew. 🤔 Larry Fink has totally lost it. Totally buying in on the fake news, fake science on climate change. I will not listen to him anymore. No one can save us now. climatechange globalwarming
Source: CNBC - 🏆 12. / 72 Read more »

Larry Fink: Risks from climate change are bigger than the 2008 financial crisis with no Fed to save usBlackRock will put 'sustainability at the center of our investment approach,' said CEO Fink, including everything from portfolio construction to launching new investment products that screen fossil fuels. JoeSquawk SquawkCNBC Joe is like Trump, always has to have the last word and is a real ass. Please quit being so aggressive Joe, even your fans are bothered by your antics. Cannot believe I feel for Andrew. 🤔 Larry Fink has totally lost it. Totally buying in on the fake news, fake science on climate change. I will not listen to him anymore. No one can save us now. climatechange globalwarming
Source: CNBC - 🏆 12. / 72 Read more »

What to watch today: Earnings kick off, Fink warns on climate change and Democrats debateU.S. stock futures are pointing to a steady Wall Street open, following record closes for the S&P 500 and Nasdaq.
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BlackRock CEO says the climate crisis is about to trigger 'a fundamental reshaping of finance'The world's largest money manager believes the intensifying climate crisis will bring about a fundamental reshaping of finance. No duh? NTCO buy buy j.p.morgan Fink said more or less the same three years ago
Source: CNBC - 🏆 12. / 72 Read more »