Recent global events could accelerate energy transition over long-term, says BlackRock's Fink

clock • 2 min read

Disruption to supply chains and the ongoing conflict in Ukraine could mean the global energy transition accelerates over the long term, BlackRock CEO Larry Fink has said in an open letter to investors published today, 24 March 2022.  As companies around the world look to reset their supply chains, and western countries phase-out dependence on Russian oil, the price of energy will climb higher, driven by demand, Fink said. On top of this as the US focus on increasing its supply of oil and gas, and the consumption of coal starts to increase across Europe and Asia, global progress on the pa...

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