Original title: Blackstone Group IncWarning: global energy shortage may cause social unrest, BlackrockCall it the next tuyere.
The surge in energy prices is taking place around the world, with some European countries facing a sharp increase in energy bills amid the rise in commodities such as oil, natural gas and coal.
Natural gas prices rose more than 35% in September because of reduced gas supplies. And as demand surges as epidemic-affected economies around the world reopen, there are fears that if winter temperatures in Europe and the United States are particularly low, there will not be enough natural gas stocks to survive the winter. Moreover, low output from Europe's windmills and solar (000591, stock bar) farms, and the shutdown of nuclear power plants and other factories planned for maintenance, have also led to higher energy prices.
Stephen Schwarzman, co-founder of Blackstone Group Inc Company, said全The problem of ball energy shortage is very serious, which may lead to social unrest.。
He said at a recent conference in Saudi Arabia:
"We will eventually face a serious energy shortage, when prices will go up and go up a lot. In this case, people around the world will be very dissatisfied, especially in emerging markets. "
His statement of positionEchoes the view of Blackrock CEO Lary Fink, who pointed out that there is a good chance that the oil price will rise to 100 US dollars per barrel in the near future.Especially at a time when many governments and investors are opposed to investing in fossil fuels. Fink pointed out:
Inflation has entered a new mechanism. There are many structural reasons behind this. Short-term policies related to environmental protection have limited the supply of hydrocarbons and led to inflation in energy prices, which will continue for some time. "
'Climate change has now pushed us to the brink of fundamental financial change, 'Mr. Fink said in his annual letter to investors.This is a watershed in the history of climate.。
He also said in the letter that companies with shares held by Blackrock were required to disclose their plans to achieve net zero emissions and that if these companies did not improve pollution, Blackrock would remove them from his actively managed fund, which accounts for about 1/10 of Blackrock's assets. According to Fink:
"this epidemic has made us aware of the existential crisis and forced us to respond more actively to the global threat posed by climate change. There is no issue on our client's priority list more important than climate change. "
Fink also said that the next tuyere for future investment is in the field of climate technology. He said:
"I believe that the next batch of 1000 unicorns (start-ups with a market capitalization of more than a billion dollars) will not be search engine companies, not media companies, but companies that develop green hydrogen, green agriculture, green steel and cement."
Fink thinks he has seen a need for investors to invest in climate technology:
"We see this happen every day. In this historic shift to net zero, asset owners are looking for investment opportunities. "
Before that, Microsoft CorpCo-founder Bill Gates expressed a similar view, saying he believed there would be a lot of money to invest in climate technology.
"there will be eight Tesla, Inc. in this field in the future., or even 10 Tesla, Inc.. "
But Fink also saidBlackrock will not divest from the hydrocarbon company.。
"We support oil and gas companies. We believe they will be part of a green revolution solution for this new green technology. "
Fink says hydrocarbon companies are at the forefront of developing methods for carbon capture and storage, which will play an important role in reducing carbon emissions.