BlackRock, Inc. (NYSE:BLK) Q2 2023 Earnings Call Transcript

We have that unique opportunity. Present with us. Two, as I talked about proprietary origination. We’re having more-and-more conversations with more-and-more corporations and how do they think about their platform related to decarbonization and that we are we have deep and broad conversations with traditional energy companies and how are they going to be focused on sequestration of carbon, they own the geology. BlackRock already has one of the largest. Sequestration projects in the United States in Navigators CO2. And that is another good example and it is those type of reference investments that are giving us greater and greater opportunity and. I do believe our positioning of our global platform, working with more-and-more governments talking about public-private types of investments.

At the same time, working with corporations and how do they move forward, really gives us our unique opportunity for many-many years ahead. To be partnering with them. In terms of corporations, many shareholders are questioning how corporations should move forward some shareholders don’t think they should move forward in that area. And then in that case some of the companies are asking us, can we co-invest with them. Some companies are looking to expand in various different ways and they did they just don’t happen generation of capital to doing that to the speed in which they are looking-forward to doing that and so between our relationships. Companies with our broad relationships with governments, gives us a real opportunity to be one of the leaders in the transition, and I believe this is this is going to be a multi-year global opportunity for BlackRock.

Operator: Thank you, ladies and gentlemen we have reached the allotted time for questions. Mr. Fink, do you have any closing remarks.

Laurence Fink: Thank you, operator, and I want to thank all of you for joining us this morning. Continued interest in BlackRock. I am proud of what we’ve done as a firm and delivering value for our clients. Obviously, delivering value for our shareholders. The power of our connected platform and the collaboration and creativity of our leadership team. Will enable us to continue to deliver differentiating growth into the future for you, our shareholders. I want to thank you again for being part of the call and. I wish everyone have a very pleasant summer and a great quarter. Thank you.

Operator: This concludes today’s teleconference. You may now disconnect.