BlackRock CEO Larry Fink on Environmental Responsibility and Financial Stability.
TL;DR Summary
BlackRock CEO Larry Fink has said that asset managers are not "the environmental police" and that it is the role of governments to make policy and enact legislation. However, BlackRock takes its role as a fiduciary for clients seriously and monitors the risk climate change poses to financial assets. Fink has pushed for climate risk disclosures at companies and believes that oil and gas are necessary to meet energy needs in the short-term. BlackRock is investing in natural gas pipelines while also providing options for investors to invest in clean tech.
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