BlackRock literally exited a weird, self-serving and futile environmental virtue signaling coalition of companies as Los Angeles was being burned to the ground because of woke climate policies.
BlackRock’s timing couldn’t be better: It literally exited a weird, self-serving and futile environmental virtue signaling coalition of companies, sponsored by the unctuous bureaucrats at the United Nations no less, asthe “Net Zero Asset Managers Initiative,” a UN-backed group of institutional investors who say they want to save the world from climate Armageddon. It sounded like a good idea when BlackRock joined a few years back.
On top of this, the environment needed to be protected at all costs. Al Gore’s dystopian prediction of massive climate change that would destroy the US economy was heading for us like a runaway freight train. You could win their business if you showed sufficient fealty. BlackRock and others spread ESG dictates not just on investors who wanted it, but stealthily throughout their investment process.As I point out in my book, “Go Woke Go Broke; The Inside Story of the Radicalization of Corporate America,” there are real questions — serious scientific questions — whether any of these efforts to curtail carbon emissions were working and whether they were doing more harm than good.
It was one reason cited for BlackRock’s departure. For all his left-wing posturing as governor, Newsom seems oblivious that climate change isn’t reversing because protecting small fish won’t stop a wildfire in a state that deals with them every year.
Blackrock DEI LA Fires 2025 Larry Fink Woke Culture
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