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Larry Fink Infuriates Republicans and Climate Activists Alike

  • BlackRock CEO’s letter is light on climate, big on capitalism
  • The biggest asset manager fuels ESG debate as planet overheats
Larry Fink
Larry FinkPhotographer: Alex Kraus/Bloomberg

Larry Fink, the chief executive officer of BlackRock Inc., is drawing a lot of ire these days for someone who’s attracting record inflows from investors.

Climate activists accuse him of being full of “hot air,” while pro-fossil-fuel Republicans have started blacklisting BlackRock from their U.S. states. The one thing the two sides have in common is that neither seems to like Fink’s approach to sustainable investing.