Interview de Larry Fink, patron de BlackRock, dans Les Echos : notre réaction
Summary
Reclaim Finance argues that increasing liquefied natural gas (LNG) imports and coal use will not solve Europe's energy crisis, asserting that the crisis stems from fossil fuel dependence. The organization criticizes BlackRock for investing in new coal projects and for setting insufficient decarbonization targets, calling on European institutional investors to pressure the asset manager to align with climate goals.
Key insights
- Reclaim Finance asserts that increasing liquefied natural gas (LNG) import capacities and coal usage are not solutions to the European energy crisis, as the crisis and resulting inflation were primarily caused by a dependence on fossil fuels, specifically natural gas.
- The document argues that the sustainable solution to the energy crisis is the reduction of energy consumption and the increase of renewable energy production, noting that France failed to meet its own renewable energy deployment targets.
- Reclaim Finance claims that increasing gas infrastructure does not lower prices because gas is traded on a global market driven by global demand, and such infrastructure commits states to long-term dependencies that can increase global prices.
- BlackRock is criticized for continuing unrestricted investments in companies developing new coal mines and power plants, as well as for setting what the author describes as laughable decarbonization targets within the Net Zero Asset Manager Initiative.
Cite the original document
- APA
- Martin, L. (2022). Interview de Larry Fink, patron de BlackRock, dans Les Echos : notre réaction. Reclaim Finance. https://reclaimfinance.org/site/2022/10/03/interview-de-larry-fink-patron-de-blackrock-dans-les-echos-notre-reaction/
- Chicago
- Martin, Léo. Interview de Larry Fink, patron de BlackRock, dans Les Echos : notre réaction. Reclaim Finance, 2022. https://reclaimfinance.org/site/2022/10/03/interview-de-larry-fink-patron-de-blackrock-dans-les-echos-notre-reaction/.
- Wikipedia
- {{cite press release |last1=Martin |first1=Léo |title=Interview de Larry Fink, patron de BlackRock, dans Les Echos : notre réaction |publisher=Reclaim Finance |date=3 October 2022 |url=https://reclaimfinance.org/site/2022/10/03/interview-de-larry-fink-patron-de-blackrock-dans-les-echos-notre-reaction/ |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{martin2022interview, author = {Martin, Léo}, title = {{Interview de Larry Fink, patron de BlackRock, dans Les Echos : notre réaction}}, publisher = {Reclaim Finance}, year = {2022}, month = oct, url = {https://reclaimfinance.org/site/2022/10/03/interview-de-larry-fink-patron-de-blackrock-dans-les-echos-notre-reaction/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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