Energy

Cramer on BlackRock’s climate change investing shift, ESG and Tesla

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BlackRock CEO Larry Fink‘s warning about risks from climate change on investments makes a company like electric auto maker Tesla quite attractive, CNBC’s Jim Cramer said Tuesday.

Fink — whose company is the biggest money manager in the world with nearly $7 trillion in client assets — used his annual letter to CEOs to sound the alarm on climate change. He also detailed BlackRock’s plans to put sustainability at the “center of our investment approach,” including everything from portfolio construction to launching new investment products that screen for fossil fuels.

“I believe in the science. But I did not write it as an environmentalist. I wrote the letter as a capitalist,” Fink told…



Source cnbc.com

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