Difference between revisions of "BlackRock"
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Their CEO and founder is Larry Fink who sits on the boards of the influential [[Council on Foreign Relations]] and [[World Economic Forum]].<ref>https://www.weforum.org/about/leadership-and-governance</ref> | Their CEO and founder is Larry Fink who sits on the boards of the influential [[Council on Foreign Relations]] and [[World Economic Forum]].<ref>https://www.weforum.org/about/leadership-and-governance</ref> | ||
[[File:NYT FTX.jpg|right|400px|thumb|Speakers at the ''New York Times'' event, [[Bankman-Fried]], [[Zelensky]], Fink, and [[Yellen]].<ref>https://www.nytco.com/press/the-new-york-times-to-host-annual-dealbook-summit-on-nov-30/</ref>]] | [[File:NYT FTX.jpg|right|400px|thumb|Speakers at the ''New York Times'' event, [[Bankman-Fried]], [[Zelensky]], Fink, and [[Yellen]].<ref>https://www.nytco.com/press/the-new-york-times-to-host-annual-dealbook-summit-on-nov-30/</ref>]] | ||
| − | 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.<ref>https://theconservativetreehouse.com/blog/2022/12/01/florida-governor-follows-west-virginia-in-pulling-state-funds-from-blackrock-over-esg-investing</ref> In August, 2022, 19 [[Republican]] [[attorneys general] accused BlackRock of violating its duty to make money for its clients by allegedly [[boycott]]ing [[fossil fuel]] companies.<ref>https://dailycaller.com/2022/12/01/florida-divests-2-billion-blackrock-activist-investing/</ref> In a setback to radical [[environmentalists]], CEO Fink stated in an annual letter in March 2023 to investors and stakeholders that: | + | 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.<ref>https://theconservativetreehouse.com/blog/2022/12/01/florida-governor-follows-west-virginia-in-pulling-state-funds-from-blackrock-over-esg-investing</ref> In August, 2022, 19 [[Republican]] [[attorney general|attorneys general]] accused BlackRock of violating its duty to make money for its clients by allegedly [[boycott]]ing [[fossil fuel]] companies.<ref>https://dailycaller.com/2022/12/01/florida-divests-2-billion-blackrock-activist-investing/</ref> In a setback to radical [[environmentalists]], CEO Fink stated in an annual letter in March 2023 to investors and stakeholders that: |
{{cquote|But as I have said consistently over many years now, it is for governments to make policy and enact legislation, and not for companies, including asset managers, to be the environmental police.<ref>https://www.wnd.com/2023/03/blackrock-ceo-scales-back-emphasis-climate-investing/?utm_source=izooto&utm_medium=push_notification&utm_campaign=BlackRock_scales_back_climate_investing</ref>}} | {{cquote|But as I have said consistently over many years now, it is for governments to make policy and enact legislation, and not for companies, including asset managers, to be the environmental police.<ref>https://www.wnd.com/2023/03/blackrock-ceo-scales-back-emphasis-climate-investing/?utm_source=izooto&utm_medium=push_notification&utm_campaign=BlackRock_scales_back_climate_investing</ref>}} | ||
Revision as of 23:05, March 16, 2023
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.
Their CEO and founder is Larry Fink who sits on the boards of the influential Council on Foreign Relations and World Economic Forum.[1]
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.[3] 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.[4] In a setback to radical environmentalists, CEO Fink stated in an annual letter in March 2023 to investors and stakeholders that:
| “ | But as I have said consistently over many years now, it is for governments to make policy and enact legislation, and not for companies, including asset managers, to be the environmental police.[5] | ” |
The influence of Blackrock is doubtful. On May 23, 2022 Blackrock announced a downgrade of its projection for the value of U.S. stocks,[6] and the stock market responded by sharply increasing in value immediately afterwards.
References
- ↑ https://www.weforum.org/about/leadership-and-governance
- ↑ https://www.nytco.com/press/the-new-york-times-to-host-annual-dealbook-summit-on-nov-30/
- ↑ https://theconservativetreehouse.com/blog/2022/12/01/florida-governor-follows-west-virginia-in-pulling-state-funds-from-blackrock-over-esg-investing
- ↑ https://dailycaller.com/2022/12/01/florida-divests-2-billion-blackrock-activist-investing/
- ↑ https://www.wnd.com/2023/03/blackrock-ceo-scales-back-emphasis-climate-investing/?utm_source=izooto&utm_medium=push_notification&utm_campaign=BlackRock_scales_back_climate_investing
- ↑ https://www.bnnbloomberg.ca/blackrock-cuts-developed-market-stocks-to-neutral-on-fed-china-1.1769714
