Skip to main content
Work with the NEU
A race against time to create a new green economy
JOHN GREEN looks at how Beijing has raced ahead in environmental initiatives leaving the West, held to ransom by the fossil fuel cartels, panicking in its wake
MIGHT NO LONGER RIGHT: USS Theodore Roosevelt transits the Pacific Ocean in June 2020 [Kaylianna Genier/Creative Commons]

IN August 2019, Larry Fink, co-founder of BlackRock, the world’s largest asset management group, flew to Alaska for a fishing holiday with his mates, Philipp Hildebrand, the former Swiss Central Bank governor and Mike Corbat, the former head of Citibank. 

When they arrived, Fink was taken aback to find the water levels very low and wreaths of smoke were drifting across the narrow Bering Strait from Siberia, where the peat in the tundra was on fire. 

During his four-decade career, he had worried about the planet in a vaguely do-gooding way, he says, and he used to assume that personal and philanthropic conviction should stay out of his profit-seeking business. 

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
Cobalt
Central Africa / 17 November 2025
17 November 2025
Erhai lake
Climate Crisis / 9 October 2025
9 October 2025

One of the major criticisms of China’s breakneck development in recent decades has been the impact on nature — returning after 15 years away, BEN CHACKO assessed whether the government’s recent turn to environmentalism has yielded results

Cubans march to Revolution Square to mark May Day, in Havana, May 1, 2025
Features / 4 May 2025
4 May 2025

Cuba Solidarity Campaign secretary BERNARD REGAN says the inhuman blockade of Cuba not only continues, but the Donald Trump administration is ratcheting up aggression against both Havana and Latin America more widely