With CEO Fink serving as interim head of the World Economic Forum, BlackRock’s influence spans beyond finance into critical national infrastructure
BlackRock’s growing control over the U.S. energy grid is raising alarm bells, as the global asset manager quietly acquires key utilities under the guise of fueling AI infrastructure
By News on the Net -- Camus—— Bio and Archives--October 29, 2025
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BlackRock’s growing control over the U.S. energy grid is raising alarm bells, as the global asset manager quietly acquires key utilities under the guise of fueling AI infrastructure. With CEO Larry Fink serving as interim head of the World Economic Forum, BlackRock’s influence spans beyond finance into critical national infrastructure.
Recent deals, like the $6.2 billion acquisition of Minnesota Power’s parent company, give BlackRock major stakes in regional power grids, despite concerns about rising electricity costs. Critics warn this pattern echoes dangerous monopolistic control over captive utility customers, similar to Portugal’s experience after selling its grid to China — skyrocketing prices, no alternatives.
BlackRock’s growing control over the U.S. energy grid is raising alarm bells, as the global asset manager quietly acquires key utilities under the guise of fueling AI infrastructure. With CEO Larry Fink serving as interim head of the World Economic Forum, BlackRock’s influence… pic.twitter.com/VPNCrTYSF8
— Camus (@newstart_2024)October 28, 2025
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