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Podcast: Energy Gang
Episode: The Worldâs Biggest Capitalist Says Climate Is âReshaping Financeâ
Description: The worldâs largest asset manager, BlackRock, is suddenly putting sustainability and climate risk at the center of its investment strategy. âInvestors are increasingly...recognizing that climate risk is investment risk. These questions are driving a profound reassessment of risk and asset values. And because capital markets pull future risk forward, we will see changes in capital allocation more quickly than we see changes to the climate itself,â wrote BlackRock CEO Larry Fink in his yearly investment letter.BlackRock manages over $7 trillion in assets. This new strategy could have a wide impact on the world of fina...