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BlackRock’s Larry Fink says profit drives his climate concern
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Larry Fink’s efforts to get companies to adopt climate-friendly policies have led some to call him an activist. The BlackRock chairman and chief executive prefers a different label: capitalist.
In his annual letter to the CEOs of the companies in which BlackRock invests, Fink said businesses that don’t plan for a carbon-free future risk being left behind. The quest for long-term returns, and not politics, is what animates the money manager’s efforts, he wrote.
“Stakeholder...
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