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BlackRock’s Larry Fink Says War to Speed Shift to Green Energy, Digital Currencies

  • BlackRock CEO sees potential for global digital payment system
  • Says he shares investor disappointment with firm’s stock price
Larry Fink 
Larry Fink Photographer: Alex Kraus/Bloomberg

Russia’s invasion of Ukraine has the potential to accelerate the global shift to green energy and the use of digital currencies, according to BlackRock Inc. Chief Executive Officer Larry Fink.

In his annual letter to shareholders, Fink said while the war will “inevitably slow” the move to net-zero in the immediate term, it will speed up the use of renewable energy sources in the longer term.