Event hosted by Larry Fink descended into uproar after combative remarks by US commerce secretary
The gathering on Tuesday night descended into uproar after combative remarks from Lutnick, according to several people present, with widespread jeering amid appeals for calm from BlackRock’s Larry Fink, the host of the event and interim co-chair of the WEF.
Lagarde was among the attendees who walked out during the speech, according to people familiar with the matter.
Lutnick told his audience that the world should focus on coal as an energy source rather than renewables, according to one person present, and made dismissive comments about Europe.
He had earlier on Tuesday written an op-ed for the FT in which he said: “We’re not going to Davos to uphold the status quo. We’re going to confront it head-on.”
He also wrote: “We are here at Davos to make one thing crystal clear: With President Trump, capitalism has a new sheriff in town.”
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