BlackRock asset management CEO Larry Fink sounded off on 'The Claman Countdown,' saying he will no longer use the term ESG due to its hyper-politicization.
When asked by FOX Business' Charlie Gasparino if the term "ESG" is safe to utter, Fink remarked, "I don't say [it] anymore."investments include what he called interests involved in "traditional" energy and power, adding that it is important to balance both those and renewable sources in BlackRock's portfolio.
"[N]one of the money is ours. We're working with all the asset owners and trying to help them on long-term solutions. And part of the long-term solution is working on decarbonization. And hopefully, we could develop new technology to bring down the cost even more." Fink separately commented on blowback from the left, particularly New York City Comptroller Brad Lander, who sent a letter to the corporate executive earlier this year warning his investment actions don't align with climate commitments.
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