Larry Fink: Risks from climate change are bigger than the 2008 financial crisis with no Fed to save us

in companies' long-term prospects … But awareness is rapidly changing, and I believe we are on the edge of a fundamental reshaping of finance."

BlackRock will put "sustainability at the center of our investment approach," he wrote, including everything from portfolio construction to launching new investment products that screen fossil fuels. "For now over eight years, I've been writing CEO letters about 'long-termism,'" Fink told CNBC. "Nothing could be more 'long-termism' than climate change."

"I believe in the science. But I did not write it as an environmentalist. I wrote the letter as a capitalist," he said. "My job is, as a capitalist, to help prepare our clients for the redistribution of capital. And more importantly, through that is to provide them with an investment portfolio that will outperform."

Fink's comments come as business leaders, policymakers and investors prepare to travel to Davos, Switzerland for the

Didn’t realize was doing comedy now

tuckerhiggins Not even remotely a good thing.

Yes they are bigger for the globalist who want to take over the economies of the world. Trump 2020

andrewrsorkin JoeSquawk is Larry suffering from ‘Low T’?

Cuckold

Are there still people DUMB enough to fall for the climate change swindle? WAKE up. Lemmings.

No one can save us now. climatechange globalwarming

Larry Fink has totally lost it. Totally buying in on the fake news, fake science on climate change. I will not listen to him anymore.

JoeSquawk SquawkCNBC Joe is like Trump, always has to have the last word and is a real ass. Please quit being so aggressive Joe, even your fans are bothered by your antics. Cannot believe I feel for Andrew. 🤔

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