The head of the world's largest investment Orm says traditional oil and gas producers will play a leading role in the energy transition, but investors will be picky about which of them have credible strategies to decarbonize and make money at the same time. Larry Fink, CEO of BlackRock — which has some $8.7 trillion in assets under management — said old-school hydrocarbon companies "will be the leader in the transition" alongside "nascent new companies. "
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