BlackRock CEO says the crisis in the price of energy is accelerating investment in green energy

The CEO of the BlackRock investment firm said that skyrocketing energy prices are shrinking the “green premium” and causing more investment to flow into green energy sources.

Larry Fink was being interviewed by former President Bill Clinton as part of the Clinton Global Initiative when he made the comments in defense of ESG environmental scoring.

“Because of the rise in energy prices, we are certainly seeing the green premium shrink quite considerably,” said Fink.

“And so the amount of investment dollars that are going into new decarbonization technologies is accelerating, and they are accelerating very rapidly,” he added.

ESG, which stands for a score rating environmental, social, and corporate governance values of the left, has been used to pressure companies to serve a green energy agenda. Among the most vocal of the critics of ESG implementation is Republican Florida Gov. Ron DeSantis.- READ MORE