BlackRock, the world’s largest asset manager, will continue to work with oil and gas firms in order to help them through the energy transition, Reuters quoted chief executive Larry Fink as saying on Thursday. BlackRock is a major shareholder in many large oil and gas companies, including in the two U.S. supermajors, ExxonMobil and Chevron. Investors cannot “run away” from the oil and gas industry, Fink said. Most of the decarbonization costs now fall on the private sector, the executive added, and suggested that governments should be more involved in the energy transition. In his 2021 letter to CEOs earlier this year, Fink said , “we are asking companies to disclose a plan for how their business model will be compatible with a net zero economy.” BlackRock is “carbon neutral today in our own operations and are committed to supporting the goal of net zero greenhouse gas emissions by […]