BlackRock’s Fink Laments ‘Facts Are Not Important’ in Oil Backlash
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BlackRock Inc. Chief Executive Officer Larry Fink said he’s not against oil companies, directly addressing attacks on his firm from a growing group of Republican-led states.
New York-based BlackRock, the world’s largest asset manager, still invests billions in oil and gas companies, Fink reiterated at the Institute of International Finance annual membership meeting on Wednesday. He added that he suspects they “are going to be part of the solution” in transitioning to clean energy.