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BlackRock Pushes Back on GOP’s ‘Inaccurate’ ESG Attacks

  • Asset manager says energy transition will create opportunities
  • BlackRock responds to a letter from 19 state attorneys general
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BlackRock CEO Larry Fink on Inflation, ESG Investing
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BlackRock Inc. defended its backing of sustainable investing, telling 19 Republican state attorneys general that climate change is a top concern for its clients and a key risk to consider in financial decisions.

“Investors and companies that take a forward-looking position with respect to climate risk and its implications for the energy transition will generate better long-term financial outcomes,” Dalia Blass, BlackRock’s head of external affairs, said in a letter released Wednesday. “These opportunities cut across the political spectrum.”