"I Am Taking This Very Seriously": BlackRock's Larry Fink Struggles With "Demoniz• Zero Hedge - Tyler Durden
A handful of US states have pulled billions of dollars from BlackRock funds over accusations of "greenwashing," hurting the fossil fuel industry and turbocharging America's "woke" culture.
On Tuesday, BlackRock's Larry Fink told Bloomberg TV at the World Economic Forum in Davos that ESG investing has been tarnished:
"Let's be clear, the narrative is ugly, the narrative is creating this huge polarization. "
"We are trying to address the misconceptions. It's hard because it's not business any more, they're doing it in a personal way. And for the first time in my professional career, attacks are now personal. They're trying to demonize the issues."
1 Comments in Response to "I Am Taking This Very Seriously": BlackRock's Larry Fink Struggles With "Demoniz
Let's face it. If we stopped using fossil fuels, we would really be supporting the natural fossil-fuel-industry. What is that industry? It's getting more fossil fuels into the ground in the form of plant and animal decay. I mean, those fossil fuels must be down there for some reason. Obviously we haven't figured out what for. So, lets keep pumping them down there naturally. Maybe future generations will figure out what they are there for.