Climate action is becoming less of a priority around the world. Trump isn’t helping [Video]

Larry Fink sends an annual letter to the bosses of all the companies in which he is invested, and a few years ago a major theme was decarbonization.

As chief executive of BlackRock, the world’s largest asset manager, his message carries clout for investors and corporate leaders around the world.

His next letter is coming soon, and he’s hinting there will be less of an emphasis on the environment and reducing emissions.

“I still believe in that, but I also caution that any decarbonizing technology right now is highly inflationary,” said Fink, while speaking onstage this week in Houston as part of CERAWeek, a global energy conference.