BlackRock is a globalist investment management corporation based in New York City. The corporation was founded in 1988. BlackRock is the world's largest asset manager, with US$10 trillion. Among their management contracts is they are one of two companies which manage the Thrift Savings Plan, the United States government's version of a 401(k) plan for federal employees.
The asset manager aims to push the world towards producing “net zero” emissions by 2050 and sees climate change as a severe financial risk, according to BlackRock CEO Larry Fink’s 2022 letter to executives. BlackRock uses so-called uses “Environmental, Social, and Governance” standards — known as ESG in making investment decision. ESG ratings involve considering a wide range of issues in investments, such as companies’ climate-change vulnerabilities; carbon emissions; racial inequality; product safety; supply-chain labor standards; privacy and data security; and executive compensation. In August, 2022, 19 Republican [[attorneys general] accused BlackRock of violating its duty to make money for its clients by allegedly boycotting fossil fuel companies.
The influence of Blackrock is doubtful. On May 23, 2022 Blackrock announced a downgrade of its projection for the value of U.S. stocks, and the stock market responded by sharply increasing in value immediately afterwards.