Climate action becomes less priority in the world. Trump doesn't help
Larry Fink sends a letter to the heads of all companies in which he was invested, and a few years ago he was a big topic.
As the Chief Executive Officer of BlackRock, the world's largest asset manager, his message is for the world's investors and corporate leaders.
His next letter soon comes, and he hints that there will be less emphasis on the environment and reduce emissions.
“I still believe it, but I also warn that at the moment any dismanting technology is high,” said this week's conference in Sinoe, Houston.
Fink is not alone in making this shift. In recent years, climate operations and cleaning energy transition, as more emphasis is on energy security and availability.
And that was the fact that Donald Trump returned to the White House.
Since then, the US President has drag The country from the Paris Climate Agreement and climate grants. Inflation Reduction Act, Clean Energy Program The former President Joe Biden is now at intersections.
In addition, Trump commanded the ban on oil and gas drilling in most of the US bank, and has it also temporarily suspended New or updated rents for offshore and offshore wind projects.
The director of the director of the campaign Sierra Club says that Trump's withdrawal of the climate agreement “calls for action” for every other country in the world, including Canada.
In general, hundreds of billions of dollars can be affected by clean technology and low-emitting energy projects, and crypto-consequences can be felt around the world.
“Throughout the Board, we need to think about the government and energy pragmatic,” Finc said.
A few years ago, the climate was the main topic of the annual event of the annual event, as corporate and government leaders showed their environmental progress and recent investments.
This year is noticeably absent from conversation. Instead, the focus is on global demand for all types of energy, especially for oil and natural gas.
“Side Effect”
On Monday on stage, Trump's Energy Secretary Chris Wright called himself a climate realist.
“The Trump's Administration will consider climate change what is that the global physical phenomenon, which has a side effect of building the modern world,” he said. “Everything in life involves commercial work. Everything. “
More and more, experts say Energy transition Preparing to be more complex, costly and complicated than expected.
The shift of some energy companies is far from the extension effort.
Five years ago, BP set the most ambitious targets of any major oil company, including reduced oil and gas production by 2030 and significantly ramping investments.
Now that plan has been thrown out of the window.
BP is investing in renewable energy to oil and gas production as part of the company's “transformation”, said Chief Executive Murray Auchirlos.
“The world has changed a lot,” he said, while Houston continues. “When I visited governments around the world, it became clear that the two priorities in all countries were really accessible energy and reliable energy.”
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In the center of attention on Trump
The shortage of the climate is noticeable, said the founder of Martha Hall, head of the Gallgari University School. He is a former Liberal MP and recently held the main role of the main climate for Punts's energy.
“I don't have fun in it. Climate change is a problem, “he said in Calgary.
“The main change is the choice of Donald Trump,” said the findings of the hall, indicating the dismantling of the environment, green subsidies, the promotion of more oil drilling.
“What are the priorities in such a situation?” He said. “Unfortunately, that's not climate.”
The White House with Trump, Dan Grosman, expected an atmosphere of jubilee parties at Texas' Series.
Instead, companies say they are still devoted to climate efforts.
“Of course, we do not see many disputes and food fights,” said Grossman Houston in an interview with CBC News.
“We have globally progressed in climate change and methane mitigation, and it is not only going to scatter overnight,” he said. “People who are in the office can change, but the science behind climate change has not changed.”
Climate costs
In 2025, for the first time, the costs and contribution of pure energy technology exceeds the current power generations, according to S & P Global product ideas.
“There are companies that need to decide that the climate is a less priority that stability is a priority for priority, and they want to focus more on Houston in an interview.
At the same time, there are other companies that see the climate as a means so that they can make their opportunities and make money in that sense. “
Many states and local governments continue their environmental policy to help climate change.
For companies, they often make large investment decisions that will make a decade or two for the future.
“They see the world's going on,” said Samantha Gross, Energy Security and Climate Analyst on the DC-based mentality on DC. “I think they are approaching the passage of energy by realism and realizing that it will not happen at night.”
The head of Money Money Manager is still optimistic about where the world passes, and how fast technology changes many aspects of the energy sector.
Still inflation is at the top of the mind right now, and dismembering efforts do not always make financial meaning.
“Everyone talks about the possibility of hydrogen. Well, we can have a green hydrogen and blue hydrogen, but someone is ready to pay the cost. “
