“We know that the transition will not be a straight line. Different countries and industries will move at different speeds, and oil and gas will play a vital role in meeting global energy demands through that journey.” This is what BlackRock’s chief executive, Larry Fink, wrote in this year’s annual letter to shareholders. For such a fervent supporter of the energy transition, Fink’s admission of the vital role that oil and gas would continue to play in the world’s functioning may have been surprising at any…
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