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BlackRock sees coal, oil power projects facing investment challenges

By:
Reuters
Updated: Nov 17, 2021, 08:12 GMT+00:00

ABU DHABI (Reuters) - Coal and oil-fired power generation projects will find it difficult to secure investments, BlackRock Inc. Managing Director Eduard Ruijs said on Wednesday.

The BlackRock logo is seen outside of its offices in New York

ABU DHABI (Reuters) – Coal and oil-fired power generation projects will find it difficult to secure investments, BlackRock Inc. Managing Director Eduard Ruijs said on Wednesday.

Natural gas-fired power plant projects could find investments, he told an energy conference in Abu Dhabi.

(Reporting by Yousef Saba; Writing by Maher Chmaytelli; Editing by Edmund Blair)

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