BlackRock’s Larry Fink Says ESG Opponents Are Trying To ‘Demonize’ The Movement After Elon Musk Calls It ‘Satanic’

BlackRock’s Larry Fink Says ESG Opponents Are Trying To ‘Demonize’ The Movement After Elon Musk Calls It ‘Satanic’


BlackRock CEO Larry Fink denounced criticism of the ESG movement and expressed skepticism toward supply chain resiliency efforts at the World Economic Forum.

During an interview on Tuesday in Davos, Switzerland, the asset management company executive remarked that disputes concerning environmental, social, and corporate governance investing have created significant controversy.

“I’m taking this very seriously,” he told Bloomberg News. “We are trying to address the misconceptions. It’s hard because it’s not business anymore, they’re doing it in a personal way. And for the first time in my professional career, attacks are now personal. They’re trying to demonize the issues.”

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The reference to critics’ attempts to “demonize” the ESG movement comes days after Elon Musk quipped on social media that “the S in ESG stands for Satanic.” The billionaire

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