BlackRock does not guarantee the performance of the Funds. Since 1999, we've been a leading provider of financial technology, and our clients turn to us for the solutions they need when planning for their most important goals. That kind of a market price on carbon incentivizes me to invest capital faster to decarbonize because as I do that, I avoid large payments in the future. What we've seen in Europe is that once the price on carbon got to $60 a ton-- and now, it's operated between 60 and a little more than $100 a ton. This patient perspective has the potential to generate significant return on investment. None of these companies make any representation regarding the advisability of investing in the Funds. The pandemic has accelerated the importance of these themes, raising new questions for how companies should evolve as the world around us changes. Except as otherwise stated in these Terms or as expressly authorized by BlackRock in writing, you may not: System Outages and Incomplete Transmissions. Two reasons. Internet software or transmission problems may produce inaccurate or incomplete copies of information and materials that may be downloaded and displayed on a user's computer. We employ about 36,000 people worldwide. And the ones that aren't the winners, they will sort that out pretty quickly as well. So that's half of our CO2, and the other half was power and steam. We are built to share our advantages with clients and steadfast in our commitment to provide efficient exposure to Private Equity in formats tailored to their needs. A multi-asset strategy combines different types of assets stocks, bonds, real estate, or cash for example to create a more nimble and broadly diversified portfolio. If it's basic needs, they're trying to get themselves into middle class. The other area is power and steam for utilities. Listing of the shares or units of the Funds does not guarantee a liquid market for them. MARK WIEDMAN: Jim, let's take it back to how your decarbonizing your actual operations. International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation, and the possibility of substantial volatility due to adverse political, economic or other developments. BlackRock is not liable for any damages, changes, or omissions that occur during transmission of information and materials. In reality, today, the market can conly deliver about 2% of that number. The existence of any such links shall not constitute an endorsement of, or representation or warranty by BlackRock regarding such websites, the contents of the websites, the products or services of the websites or the operators of the websites. Any unauthorized use of the images may violate copyright laws, trademark laws, and the laws of privacy and publicity, and communications, as well as other regulations and statutes. Our experienced secondaries team leverages BlackRocks advantages to deliver on all fronts. BLACKROCK is a trademark of BlackRock, Inc. or its subsidiaries in the United States and elsewhere. We need to make sure that the waste is managed properly. JIM FITTERLING: You have to look at the demand for the end products. It means we need really reliable supply. To view this audio please enable JavaScript, and consider upgrading to a
In the United States and Europe, you have pretty effective waste management systems, whether it's managed landfills here, or in Europe, a combination of both landfills as well as waste to energy and recycling drives. MARK WIEDMAN: Jim Fitterling, CEO and chairman of Dow, thank you very much. So hydrogen and carbon capture and sequestration are the two things that will drive the investment and really drive the acceleration of CO2 reduction in our scope 1 and 2. The opinions expressed are as of November 2020 and are subject to change without notice. We did some looks early days at hydrogen fuel cells for big industrial installations with GM. Fixed income risks include interest-rate and credit risk. So it's incentivizing industry to reduce its absolute CO2 emissions. We take a systematic approach, with long-term pipeline visibility based on comprehensive market coverage. Our Private Equity investors have extensive experience and strong records of achievement in the industry. Each party hereby waives any objection which it might at any time have to the courts of Hong Kong being nominated as the forum to hear and determine any proceedings and to settle any disputes and agrees not to claim that the courts of Hong Kong are not a convenient or appropriate forum. MARK WIEDMAN: Welcome to The Bid podcast and our miniseries, The real leaders of net zero. I'm your host Mark Weidman. Private ownership enables long-term strategic focus as opposed to the public market focus on quarterly earnings. That's significant. So we can take that plastic back and convert it either through a mechanical or advanced recycling back into a useful product. And the alternative would be another regulatory regime that could come in could be a tax. Robust portfolio planning enables diversification across managers, vintages, strategies/stages, geographies, sectors and sizes. The use of the images displayed on this Website by you, or anyone else authorized by you, is prohibited. Neither FTSE nor NAREIT makes any warranty regarding the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, FTSE EPRA/NAREIT Developed Europe Index or FTSE EPRA/NAREIT Global REIT Index; all rights vest in FTSE, NAREIT and EPRA.FTSE is a trademark of London Stock Exchange Group companies and is used by FTSE under license. BlackRocks Private Equity teams manage US $23 billion in client assets across direct, primary, secondary and co-Investments. To stop that, we need to do a couple of things. It does not mean that the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors. The information and services provided on this Website are provided "AS IS" and without warranties of any kind, either expressed or implied. 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In Hong Kong, this material is issued by BlackRock Asset Management North Asia Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong. If we have some help with a market-based price on carbon, it doesn't take a lot to move the needle. The material contained in this Website has not been reviewed by the SFC or any regulatory authority in Hong Kong. Now, you've got a different equation that we have to solve for. The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by BlackRock to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. We're going to have to create that incentive. Past performance is no guarantee of future results. JIM FITTERLING: Focus on the CO2 emissions reduction. BLACKROCK is a registered trademark of BlackRock, Inc. All other trademarks are those of their respective owners. If you do nothing in the near term, what's the bill going to be for you in the long term? f.daily, , , , , , , Skyserv , , , . Typically, when interest rates rise, there is a corresponding decline in bond values. SFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits or performances of the scheme. And from your perspective as a CEO, start with simply, how is decarbonization part of your conversation with your investors? And that's going to continue to be the case. Natural gas would be the next most efficient. And so one of the things that we're looking at longer term, especially in the United States, is the idea of advanced nuclear. What do you see that mix looking like in 20 years? And that drove a lot of process technology to make that happen. 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You may not distribute, modify, transmit, reuse, repost, or use the content of this Website for public or commercial purposes, including all text, images, audio, and video, without BlackRock's written permission. Dettol: 2 1 ! BlackRock expressly disclaims all liability for errors and omissions in the materials on this Website and for the use or interpretation by others of information contained on the Website. MARK WIEDMAN: Jim, some of our investors, some of our clients look to divest out of what I'd call dirty, and you'll call hard to abate sectors. By making available information on the Website, BlackRock does not represent that any investment vehicle is available or suitable for any particular user. IF YOU DO NOT AGREE TO ALL OF THESE TERMS OF THIS AGREEMENT, YOU ARE NOT AN AUTHORIZED USER OF THESE SERVICES AND YOU SHOULD NOT USE THIS WEBSITE. On the other hand, there's a big growing concern around the oil and gas industry today. For over a decade, Larry has been writing to CEOs highlighting themes that are vital to creating long-term value for our clients. And that we think by doing that, we can methodically site by site go around the world and take that power and steam and that hydrocarbons footprint to zero. I think we're going to show the path on how to get there and still be the lowest cost and win that game. Equities are typically more appropriate for long-term investing for those who can ride out the highs and lows of the market in search of higher rewards. It's a physics equation. This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. In financial terms, private equity generally refers to equity-related finance designed to bring about positive change in a company, such as: Because private equity returns are achieved through operational improvements and financial restructuring, the experience and leadership ability of the private equity manager are paramount. Neither the information, nor any opinion, contained on this Website constitutes a promotion, recommendation, solicitation or offer by BlackRock or its affiliates to buy or sell any securities, collective investment schemes, futures, options or other financial instruments or services, nor shall any such security, collective investment scheme, futures, options or other financial instruments or services be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. Since 1999, we've been a leading provider of financial technology, and our clients turn to us for the solutions they need when planning for their most important goals. So we're looking at a couple of facilities in the US. The provision of investment management and investment advisory services is a regulated activity in Mexico thus is subject to strict rules. Our investment strategies and solutions span the Private Equity toolkit, offering investors exposure to direct, primary, secondary, and co-investment strategies. Nothing contained on this Website should be construed as granting, by implication, estoppel, or otherwise, any license or right to use any trademark displayed on this Website without the written permission of BlackRock or such other third party that may own the trademark displayed on this Website. JIM FITTERLING: Thanks, Mark. Source: BlackRock, as of September 30, 2020. 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If you desire to display on your website a hyperlink to a BlackRock website, you must enter into a written agreement with BlackRock governing such display. And we can't afford even a millisecond interruption in power. And this is what investors are concerned about. If any provision of these Terms is deemed unlawful, void, or for any reason unenforceable, then that provision will be deemed severable from these Terms and will not affect the validity and enforceability of the remaining provisions. And one of the most effective ways to do that is to be able to create a market for that waste material. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained visiting the iShares ETF and BlackRock Mutual Fund prospectus pages. BlackRock disclaims responsibility for the privacy policies and customer information practices of third-party internet websites hyperlinked from our Website. And I'm like, fossil fuels isn't the problem here. In addition, you are responsible for setting the cache settings on your browser to ensure you are receiving the most recent data. So in the voluntary scheme, you had an emissions cap based on your footprint, and then it would reduce by two and a half percent per year. To the fullest extent permissible pursuant to applicable law, BlackRock disclaims all warranties, including, but not limited to, any warranty of non-infringement of third-party rights and any implied warranties of merchantability and fitness for a particular purpose. web browser that supports HTML5 video. And this is a big difference over the last 20 years. JIM FITTERLING:. There is no guarantee that dividends will be paid. Even though we're moving away from coal to natural gas, the world still uses more coal every year because many developing countries need coal to be able to electrify their country. We make methane and hydrogen. BlackRock shall be free to use, for any purpose, any ideas, concepts, know-how, or techniques provided by a website user to BlackRock through this Website. In its broadest sense, private equity is an ownership interest in a company or portion of a company that is not publicly owned, quoted or traded on a stock exchange. In the future, we talked about hydrogen. Welcome to the BlackRock site for Hong Kong: Before you proceed, please take a moment to review and accept the following Terms and Conditions. Why is the intersection of #infrastructure and #sustainability critical to the energy transition? This Website is for information purposes only and is not intended to be relied upon as a forecast, research or investment advice. And they make all the plastics that you would use and also a lot of the other chemicals that you would use. And I think if we would get those two decoupled and get our policies around the emissions, we'd see a massive change in the CO2 footprint. Our guest today is Jim Fitterling, CEO of Dow. MARK WIEDMAN: Let's start off with the basics. And the markets have proven time and time again that they're the best allocators of that capital. Investment involves risk and may lose value. JIM FITTERLING: Over time, we made the switch from coal to natural gas back in the '80s. MARK WIEDMAN: Let's talk about the role of capital and investors in helping to fund the transition. Use this Website or the Materials in any manner that could create impression of affiliation, sponsorship or endorsement by BlackRock. Investors buy shares in private equity funds on the secondary market to access more mature assets, diversify their portfolios and capitalize on market dislocations. YOU ACKNOWLEDGE THAT BY ACCESSING OUR WEBSITE AFTER WE HAVE POSTED CHANGES TO THESE TERMS, YOU ARE AGREEING TO THESE TERMS AS MODIFIED. JIM FITTERLING: I think the second one is-- you see policy change and regulatory change coming. The energy markets will get you to the right answer. BY UTILIZING THE WEBSITE LOCATED ATwww.blackrock.com/hk("WEBSITE"), YOU ACKNOWLEDGE THAT YOU HAVE READ THESE TERMS AND THAT YOU AGREE TO BE BOUND BY THEM. From funds that invest in precious metals such as gold and silver, to energy resources such as oil and natural gas, to agricultural goods such as wheat, commodity funds offer several potential benefits to investors, including portfolio diversification and a hedge against inflation. So those are the kind of technologies that we're into and the kind of end markets that we're into. Leave the BlackRock site for Individuals to explore other content, Welcome to the BlackRock site for individuals. JIM FITTERLING: Well, the biggest challenge that the world is facing today on plastics is this issue of plastic waste. JIM FITTERLING: The carbon economy has impacted Dow in a number of ways, I think, as a growth opportunity . So we use a lot of electricity in our facilities, and we use a lot of steam. And that's really about design. A fund's ESG investment strategy may result in the fund investing in securities or industry sectors that underperform the market as a whole or underperform other funds screened for ESG standards. BLACKROCK AND ITS AFFILIATES AND THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES OR AGENTS WILL NOT BE LIABLE TO YOU OR ANYONE ELSE FOR ANY DAMAGES OF ANY KIND, INCLUDING, BUT NOT LIMITED TO, DIRECT, CONSEQUENTIAL, INCIDENTAL, SPECIAL OR INDIRECT DAMAGES (INCLUDING BUT NOT LIMITED TO LOST PROFITS, TRADING LOSSES OR DAMAGES THAT RESULT FROM USE OR LOSS OF USE OF THIS WEBSITE), EVEN IF BLACKROCK HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR LOSSES, INCLUDING, WITHOUT LIMITATION, FROM THE USE OR ATTEMPTED USE OF THIS WEBSITE OR ANOTHER LINKED WEBSITE. I would say take it away from just the discussion around oil and gas and take it to energy, in general. So we've got a good plan, not only for market growth, but we've got a plan to basically retool our footprint from a power and steam standpoint and from an ethylene and propylene production standpoint to get our scope 1 and 2 emissions to zero by 2050. To reach a different BlackRock site directly, please update your user type. BlackRock does not guarantee the suitability or potential value of any particular investment. This material is provided by BlackRock and is intended solely for informational or educational purposes. Private Equity is an essential element of investors portfolios. And if you'll remember at the time, there was a big pressure on NOx and SOx, nitrous oxide and sulfur oxide. So in Europe, for a number of years, we've been part of a voluntary emissions trading system that now is moving into a mandatory type system. As a global asset manager and fiduciary to our clients, our purpose has always been to continue finding new ways to help more and more people experience financial well-being. These risks often are heightened for investments in emerging/ developing markets or in concentrations of single countries. Aspirin Express icroctive, success story NUTRAMINS. Since 1999, we've been a leading provider of financial technology, and our clients turn to us for the solutions they need when planning for their most important goals. Wind and solar can provide an increment for us, but they can't provide that baseload. It's estimated today that the value of all that waste plastic that goes into the environment is about $80 to $120 billion a year as a feedstock. Think about things that you might buy every day that would be made with our products into any grocery store. Investors are seeking differentiated strategies for their Private Equity allocations based on their unique needs, including risk and return objectives, cash flow profiles and overall cost. And the reason we're back, I think, right now is if you think about the way the capital markets work, for an industry like ours, where cost competitiveness is key. 2022 BlackRock, Inc. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, FACTORSELECT, iTHINKING, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. The next move doesn't have the same kind of economic incentive that coal to natural gas had. Learn more about BlackRocks Alternative strategy. More and more investors are shifting to alternatives to help them achieve their goals. We don't have to go determine that the answer is no more fossil fuels. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments. So we've got an emissions out of the cracker furnaces that is literally 5%, where today the emissions from firing natural gas are 100% of our CO2 footprint. The funds referred to in this Website are authorized by the SFC for sale to the public in Hong Kong (the Funds). Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. So for many years, one of the most efficient ways to generate that power and steam has been combined cycle gas turbines. Each investor has a different story, and we are steadfast partners to our clients in the US because we listen to every one of them. Such content is solely for your personal, non-commercial use. Now, we're looking at what's next after natural gas. The investments and strategies discussed in the Website may not be suitable for all investors and are not obligations of BlackRock or its affiliates or guaranteed by BlackRock or its affiliates. The courts of Hong Kong shall have non-exclusive jurisdiction to hear and determine any suit, action or proceeding, and to settle any disputes, which may arise out of or in connection with these Terms and, for such purposes, you agree to submit to the jurisdiction of the courts of Hong Kong. So being able to make everything that we make fully recyclable. And something of that scale would be just the right size for a medium-sized manufacturing facility that I might have. Tell us about Dow. Managing Director and Global Head of BlackRock Private Equity Partners (PEP). You shall not display hyperlinks on your websites to any website owned or operated by BlackRock. And so the demand for the end products that we make today isn't going to go away. It's exciting stuff, so let's jump into our next episode. And so if you think about our carbon footprint and our scope 1 and 2 emissions, about half of that comes from generating power and steam, which are utilities to run our assets. My view is in the near term, the demand for these products is going to exceed the supply. Can you give us some examples of how you're decarbonizing how you make stuff? THIS WEBSITE IS NOT INTENDED FOR AND SHOULD NOT BE ACCESSED BY PERSONS LOCATED OR RESIDENT IN ANY JURISDICTION WHERE (BY REASON OF THAT PERSON'S NATIONALITY, DOMICILE, RESIDENCE OR OTHERWISE) THE PUBLICATION OR AVAILABILITY OF THIS WEBSITE IS PROHIBITED OR CONTRARY TO LOCAL LAW OR REGULATION OR WOULD SUBJECT ANY BLACKROCK ENTITY TO ANY REGISTRATION OR LICENSING REQUIREMENTS IN SUCH JURISDICTIONS. For example, today, we're repowering our site in Plaquemine, Louisiana. These would be done on a smaller scale, maybe 60 megawatts to 200 megawatts. That helps us fire the facilities. Focus on the emissions and let the technologies give us the answer. The information provided on this Website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject BlackRock or its affiliates to any registration requirement within such jurisdiction or country. WE SUGGEST THAT YOU REVIEW THESE TERMS PERIODICALLY FOR CHANGES. Another big area would be insulation for homes and buildings to create more energy-efficient buildings and reduce carbon emissions, products that we make like films to cover solar panels that allow the solar panels to last longer. It's one of the reasons they've grown the fastest of any material class out there is because they're lighter cleaner, faster, and stronger than the next available material. And as Europe ratchets down the allowances, that price on carbon is going to move between $100 and $200 a ton. It really drives you to the lowest, both capital cost and operating cost solution, because these markets are price-sensitive. Today, on a food package, you're more likely to see a recycle label. There is no guarantee that any strategies discussed will be effective. It's the actual usage and ultimately the recycling. And we do business across really four big market segments, packaging for plastics, for consumer goods, and industrial goods; infrastructure; consumer markets; and the mobility market. Reliance upon information in this material is at the sole discretion of the reader. To view this video please enable JavaScript, and consider upgrading to a
What are you aiming to achieve? And then critically, why? But in order to do that, many countries don't have natural gas, so they need to import LNG. Integrating alternatives into your portfolio, BlackRock Systematic Global Equity High Income Fund, iShares Short Duration China Policy Bank Bond ETF. We get good steam output. Open up the aperture to have an all of the above energy policy. JIM FITTERLING: Well, if I go back to when I first joined Dow was in '84. This Website is owned by BlackRock Asset Management North Asia Limited, which is licensed by the Securities and Futures Commission ("SFC") in the Hong Kong Special Administrative Region of the People's Republic of China ("Hong Kong") pursuant to the Securities and Futures Ordinance (Cap 571) (CE no: AFF275). And the other one is close the loop. BlackRock is an equal opportunity employer committed to diversity in the workplace. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. Theyre basically an I.O.U designed to provide a regular stream of income (which is normally a fixed amount) over a specified period of time. These Terms shall be governed by, and shall be construed in accordance with, the laws of Hong Kong. This world has never used less of any energy source that it produces. We are designed to deliver compounded Private Equity returns and better alignment with investors and investee companies. SUCH CHANGES SHALL BE EFFECTIVE IMMEDIATELY UPON POSTING. This Websiteis managed by various companies within the BlackRock Group. There's making stuff, and there's using energy. Our sourcing machine, comprised of networks in public and private markets and a brand that has enabled proprietary access, is core to our ability to generate alpha. In Singapore, this information is issued by BlackRock (Singapore) Limited (company registration number: 200010143N). And as this year progresses, every time we update investors, we're going to give them in more detail behind what's in that. So now it's less about the manufacturing. The world is saying, yeah, we want you to be low cost, but it needs to be the best combination of low cost and low or zero carbon emissions. When you invest in stocks (also called equities), you buy a share in a company and become a shareholder. Well eliminate 95% of the CO2 footprint by bringing that recycle methane and hydrogen around and making hydrogen as the fuel for the furnace.
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