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Larry Fink Sounds Greenwashing Alarm as Fossil Fuels Move Into Private Hands

Larry Fink said too narrow a focus on the climate policies of public companies risks undermining the green agenda and is potentially creating “the largest capital-market arbitrage in our lifetimes,” as hydrocarbon assets move from public to private hands.

“There’s more movement away from hydrocarbon assets into private hands than anytime, ever,” Fink said. “That does not change the net zero world. That’s window dressing, that’s greenwashing.”