Blackrock CEO Fink: Oil & Gas Is Vital In Meeting Energy Needs ...Middle East

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Blackrock CEO Fink: Oil & Gas Is Vital In Meeting Energy Needs
source : OILPRICE ( Middle East ) () 36
In his annual letter to businesses, BlackRock CEO Larry Fink emphasized that climate risk remains a major investment risk, but stated that the company will continue to support the oil and gas industry as part of a low-carbon energy transition.  In what sounds like a change of tune, Fink recognized the role of oil and gas in the energy transition, stating that “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,”.The CEO of…

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