Ex-BlackRock Executive Calls for Unity to Fight Climate Change [Financial Post (Toronto, Ontario, Canada)]
BlackRock, Inc. (BLK)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Paul Bodnar, BlackRock Inc.'s former chief of sustainable investing, said climate activists need to stop “demonizing” the fossil-fuel industry for advances to be made on the environmental front. “There's too much demonizing between industry and the environmental community right now,” said Bodnar, who now serves as director of sustainable finance at the Bezos Earth Fund. “It's like a fight to the death. It needs to be a little bit more of a cooperative posture.” Article content While speaking Monday at the GreenBiz conference in New York, Bodnar pointed to coal mining as an industry that's created livelihoods and generated taxes that communities depend on — as well as investments. Bodnar's comments follow those of executives including KKR & Co. co-founder Henry Kravis, who said last week that climate activists underestimate the difficulty of shif
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