Wall Street can relax — Larry Fink hasn’t gone radical on climate change, after all.
The New York Post reports that pranksters on Wednesday blasted out a fake letter claiming Fink’s $6 trillion investing behemoth BlackRock was selling stocks in companies that weren’t compliant with the Paris Agreement — the global climate pact that President Trump exited last year.
The bogus letter captured the style of Fink’s usual annual letter to CEOs, in which he has previously railed against corporate short-termism and excessive share buybacks.
Wednesday’s hoax letter, which was sent to media outlets and posted on a website that looked like BlackRock’s, got picked up by several news outlets including the Financial Times, which were then forced to publish corrections.
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