BlackRock's Larry Fink on the expected reaction to shifting investment strategy

Larry Fink, founder and CEO of the world's largest asset manager who oversees nearly $7 trillion at BlackRock, announced in his annual letter that BlackRock will make investment decisions with environmental sustainability as its core goal. He sat down with CNBC's Andrew Ross Sorkin to discuss what went through his mind when writing this year's letter and what this means for municipalities some of which may be his clients where fossil fuels are a major component of the local economy.
Tue, Jan 14 20207:45 AM EST