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- He also said the energy transition is not a straight line and requires "pragmatism". This means Larry Fink believes that not only can energy security and decarbonisation not be achieved without greater flows into energy infrastructure - but also continued investment into traditional (oil and gas-based) energy firms.
www.fssustainability.com.au/larry-fink-letter-urges-pragmatism
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Mar 28, 2024 · BlackRock CEO Larry Fink's annual Chairman’s Letter to Investors discusses "energy pragmatism", omits ESG and sustainability.
- Jon Mcgowan
- The Demographics Don’T Lie
- For Workers, Make Investing (Almost) Automatic
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There’s a popular saying in economics: “You just can’t fight demographics.” And yet, when it comes to retirement, the U.S. is trying anyway. In wealthy countries, most retirement systems have three pillars. One is what people invest personally (my dad putting his money in the stock market). Another is the plans provided by employers (my mom’s CalPE...
When the U.S. Census Bureau released its regular survey of consumer finances in 2022, nearly half of Americans aged 55 to 65 reported not having a single dollar saved in personal retirement accounts.24Nothing in a pension. Zero in an IRA or 401(k). Why? Well, the first barrier to retirement investing is affordability. Four-in-10 Americans don’t hav...
In 2018, BlackRock commissioned a study of 1,150 American retirees. When we dug into the data, we found something unexpected — even paradoxical. The survey showed that after nearly two decades of retirement, the average person still had 80% of their pre-retirement money saved. We’re talking about people who were probably between the ages of 75 and ...
Before I conclude this section on retirement, I want to share a few words about one of the largest barriers to investing for the future. In my view, it’s not just affordability or complexity or the fact that people are too busy to enroll in their employer’s plan. Arguably the biggest barrier to investing for retirement — or for anything — is fear. ...
Apr 9, 2024 · From the imperative shift towards clean energy, as referenced by Fink, to the EU’s acknowledgment of “shades of brown” in its journey towards a greener economy, and even in the allowances for regulatory delays to facilitate companies’ adaptation, pragmatism is emerging as a guiding principle.
Mar 26, 2024 · BlackRock Chairman Larry Fink emphasizes the importance of well-functioning capital markets in addressing retirement, infrastructure, and debt challenges in the 21st century.
In his 2024 annual letter, BlackRock (NYSE:BLK) Chairman Larry Fink stressed that well-functioning capital markets will play a central role in overcoming the major challenges of the 21st...
He argued for a pragmatic mix of renewable and traditional energy sources to ensure energy security and meet the growing demands, particularly referencing Texas’ energy needs. This approach seeks to reconcile the pressures of decarbonization with the practicalities of current energy reliance, potentially easing conservative concerns while ...
BlackRock CEO Larry Fink's stemwinder on "energy pragmatism" contained a kernel of truth about the global shift away from fossil fuels.
