Interview with Larry Fink, BlackRock’s CEO in Les Echos: our reaction

Reclaim Finance argues that increasing liquefied natural gas (LNG) and coal capacity will not solve Europe's energy crisis, asserting that the crisis stems from fossil fuel dependence. The organization criticizes BlackRock CEO Larry Fink for promoting short-term profits over sustainable solutions and calls on European institutional investors to pressure BlackRock to end its unrestricted investments in coal and adopt stronger decarbonization targets.

• Reclaim Finance asserts that the European energy crisis and resulting inflation are primarily caused by a dependence on fossil fuels, specifically natural gas, and that increasing this dependence is not a sustainable solution.
• The document argues that the effective solution to the energy crisis involves reducing energy consumption and expanding renewable energy production, which would provide independence from Russian fossil fuels and be more cost-effective.
• Increasing gas infrastructure is viewed as counterproductive because gas prices are driven by global demand, and new infrastructures commit member states for decades, potentially increasing global demand and prices.
• BlackRock is criticized for continuing unrestricted investments in companies developing new coal mines and plants, as well as for having weak portfolio decarbonization targets under the Net Zero Asset Manager Initiative.

APA

Martin, L. (2022). Interview with Larry Fink, BlackRock’s CEO in Les Echos: our reaction. Reclaim Finance. https://reclaimfinance.org/site/en/2022/10/03/interview-with-larry-fink-blackrocks-ceo-in-les-echos-our-reaction/

Chicago

Martin, Léo. Interview with Larry Fink, BlackRock’s CEO in Les Echos: our reaction. Reclaim Finance, 2022. https://reclaimfinance.org/site/en/2022/10/03/interview-with-larry-fink-blackrocks-ceo-in-les-echos-our-reaction/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=Interview with Larry Fink, BlackRock’s CEO in Les Echos: our reaction |publisher=Reclaim Finance |date=3 October 2022 |url=https://reclaimfinance.org/site/en/2022/10/03/interview-with-larry-fink-blackrocks-ceo-in-les-echos-our-reaction/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2022interview, author = {Martin, Léo}, title = {{Interview with Larry Fink, BlackRock’s CEO in Les Echos: our reaction}}, publisher = {Reclaim Finance}, year = {2022}, month = oct, url = {https://reclaimfinance.org/site/en/2022/10/03/interview-with-larry-fink-blackrocks-ceo-in-les-echos-our-reaction/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }