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BlackRock cautions against rushing green transition

The global asset manager fears potential social unrest arising from a rushed transition from fossil fuels to green energy sources.
Christian Hyldahl, Managing Director and Head of Continental Europe at BlackRock, says that his and BlackRock. | Photo: PR/Blackrock
Christian Hyldahl, Managing Director and Head of Continental Europe at BlackRock, says that his and BlackRock. | Photo: PR/Blackrock
BY MARKETWIRE, TRANSLATED BY CHRISTOFFER ØSTERGAARD

US-based asset manager BlackRock's European division, which handles assets worth DKK 8,550bn (EUR 1,190bn) and has to strike a delicate balance between making green investments and considering customers' returns, fears potential social unrest arising from a rushed transition to green energy sources, writes Danish business daily Berlingske Business.

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