Investment management giant BlackRock has struck a $12.5 billion deal for Global Infrastructure Partners (GIP) in preparation of an expected surge in worldwide infrastructure needs, driven partly by the low-carbon energy transition. “If we are going to decarbonize the world, the amount of capital and infrastructure is going to be very necessary,” BlackRock CEO Larry Fink told investors Friday.
This is telling ... "Fink cited the greater role that private capital will need to play in the infrastructure space given rising public deficits and the sheer size of capital required to “modernize” the digital world and “advance” energy independence and the energy transition."
They have gotten most of what they will get from taxpayers and now on to their stockholders., who they are already screwing with their ESG program.
Modernizing the digital world has been an ongoing process since digital started, to slow for him? Energy independence was screwed with his energy transition, and his sunshine and breezes schemes., now he needs more money to fix it, when in fact he will double down on renewables and then have to double down on fixing it..... money, money money! He's as transparent as a piece of glass... or is that polysilicon?
JF - cool comments. Hypocrisy is rampent in the ESG investing space. I guest investors like returns, and it is sad that BlackRock lost over 5 billion in their ESG funds, and then you should see the oil and gas investments now.
This is telling ... "Fink cited the greater role that private capital will need to play in the infrastructure space given rising public deficits and the sheer size of capital required to “modernize” the digital world and “advance” energy independence and the energy transition."
They have gotten most of what they will get from taxpayers and now on to their stockholders., who they are already screwing with their ESG program.
Modernizing the digital world has been an ongoing process since digital started, to slow for him? Energy independence was screwed with his energy transition, and his sunshine and breezes schemes., now he needs more money to fix it, when in fact he will double down on renewables and then have to double down on fixing it..... money, money money! He's as transparent as a piece of glass... or is that polysilicon?
JF - cool comments. Hypocrisy is rampent in the ESG investing space. I guest investors like returns, and it is sad that BlackRock lost over 5 billion in their ESG funds, and then you should see the oil and gas investments now.