HOUSTON—U.S.-based capital markets will fuel the private investment needed to grow the nation’s energy grid to build out an electrifying digital economy, BlackRock cofounder, Chair, and CEO Lawrence Fink told energy corporation leaders and innovators Monday.
President Donald Trump’s drive to dramatically scale back the nation’s federal workforce, however, could backfire by delaying approvals for projects and innovations financed by private sector investors, he said during the 43rd annual CERAWeek by S&P Global conference at the Americas Hilton-Houston.
“The only way we can navigate this” need to scale up the nation’s electrical capacity “is not by cutting, because cutting is going to destroy the economy,” Fink said….
BlackRock CEO Says American ‘Practicalism’ Can ‘Make Energy Great’
