Multi-national investment firm BlackRock’s CEO Larry Fink is hailing the flow of cash into companies serving the green agenda as the world buckles under a global energy crisis.
Fink is celebrating the skyrocketing energy prices for shrinking the “green premium.”
He discussed the investment flow into green energy sources during an interview with former Democrat President Bill Clinton.
Fink made the comments in defense of the controversial Environmental, Social, and Governance (ESG) scoring during the interview for the Clinton Global Initiative.
“Because of the rise in energy prices, we are certainly seeing the green premium shrink quite considerably,” Frink cheered.
“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 scored companies on their “woke” values, has been used to pressure companies to serve a green energy agenda.
Among the most vocal critics of ESG implementation are Florida’s Republican Gov. Ron DeSantis and Tesla CEO Elon Musk.
Clinton praised Frink for being among the foremost promoters of ESG in order to reconstitute society.
Despite admitting that ESG was worsening the energy crisis, Frink went on to say that the crisis was causing instability across the world.
“In the next seven months, we are in a transition,” said Frink.
“And it’s not gonna be a pretty transition.
“We have food insecurity worldwide, which is going to be creating more elevated crisis,” he explained.
“We have not yet seen all the increases that we should expect to see in food.
“We have imbalances in energy right now in the short term.
“And on top of that, we have the European government, the UK government, and the United States government doing quite a large amount of fiscal stimulus at a time when we’re seeing record inflation,” Frink added.
He went on to say that there is a lack of hope in the world and a growing fear because of economic instability.
Both Clinton and Fink agreed that those who oppose the Left’s ESG agenda should be labeled as “climate change deniers.”
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