BlackRock’s belated epiphany

By Trey Thoelcke Published May 26, 11:35AM EDT

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BlackRock’s belated epiphany — © hapabapa / iStock Editorial via Getty Images

By David Callaway, Callaway Climate Insights

(Mark Hulbert, an author and longtime investment columnist, is the founder of the Hulbert Financial Digest; his Hulbert Ratings audits investment newsletter returns.)

CHAPEL HILL, N.C. (Callaway Climate Insights) — Is it more important to end the war in Ukraine or to mitigate climate change?

It’s an impossible question, isn’t it? On the one hand, it’s hard to imagine anything more urgent than addressing the existential crisis posed by climate change. We’re told that we quickly are approaching the point of no return beyond which it will be next to impossible to reverse dangerous warming trends.

Yet, on the other hand, the war in Ukraine may pose an even more immediate existential crisis. Russia has threatened to use nuclear weapons, risking an escalation into World War III. Even absent such an escalation, the World Food Programme is warning of mass starvation if Russia continues to block the export of Ukrainian grain: “Some 276 million people around the globe were already facing acute hunger at the beginning of the year… [and] “that number could rise by 47 million if the war continues.”

Welcome to the quandary that climate-friendly investors face right now. . . .

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.