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REID ON EVS
Blackrock's Fink triggers carbon avalanche
There has been a lot of talk in the mainstream media about the intent of multiple pension funds and asset managers to stop investing in fossil fuels. However, for me, most of these announcements have been just ‘green washing’; especially the PR managed responses to growing pressures from environmental groups such as Extinction Rebellion.
BlackRock is the world's largest fund management firm, with US$7 trillion under management
The reality I see is that asset managers are acquiring fossil fuel plants at knockdown prices as utilities, under pressure from those same environmental groups, sell them. That said, I think that we will...
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