Fink: BlackRock Doesn't Want to Be Environmental Police

The transcript discusses the proxy season, highlighting the shift towards companies volunteering information and fewer disagreements. It emphasizes the speaker's stance against enforcing scope three emissions, arguing it is not the private sector's role to act as environmental police. The discussion also covers energy companies' efforts in addressing climate risk, focusing on carbon capture and making hydrogen a viable energy source.

What was a significant change in the proxy season this year compared to last year?

• There were more disagreements with companies.

• Fewer companies participated.

• The proxy season was longer.

• More companies volunteered information.

Why does the company choose not to support scope three emissions?

• They do not want to act as the environmental police.

• They believe it is too costly.

• They lack the necessary technology.

• They are waiting for government regulations.

What is one of the main focuses of energy companies in addressing climate risk?

• Increasing fossil fuel production.

• Developing carbon sequestering techniques.

• Reducing employee numbers.

• Expanding into new markets.

What is the stance of energy CEOs on climate risk?

• They think it is solely a government issue.

• They acknowledge its existence but may disagree on the speed of solutions.

• They are indifferent to it.

• They believe it is a myth.

What is a potential future energy source that companies are focusing on making more affordable?

• Nuclear energy

• Solar power

• Wind energy

• Hydrogen