Backlash: BlackRock CEO says attacks on ESG investing are getting ugly and personal

By Jo Nova

Larry Fink, CEO of BlackRock. | Bloomberg

Two wins. BlackRock has agreed to Ron DeSantis’ demands that Florida’s state pension funds can’t be used for eco-activism fantasy quests (like ESG*). Now they have to be used to make profits for the people those funds belong to. That’s not much of a win you might think, since that’s just a return to “the world we thought we were living in”, but in the World of Absurd it’s popping a very important bubble. Possibly “the” most important bubble — the loose money driving the trainwreck of stupid investments and sabotage-like-boycotts.

Secondly — Larry Fink feels hurt. The glitter-wheels are falling off the climate fund-wagon. The CEO of BlackRock was running around the world acting like the third largest nation on Earth. He was waving ten trillion dollars of other people’s money and bossing people into joining his cult. That party is coming undone.

BlackRock are the financial Climate Police disguised as a Monster Investment Fund but the anti-woke movement is gaining ground:

BlackRock’s Fink says climate and ESG-investing attacks getting ugly, personal

By Rachel Koning Beals, MorningStar

Larry Fink — who called climate change the investing opportunity of his lifetime — tells Davos gathering he’s working to change the narrative, such as Elon Musk saying ESG’s ‘S’ stands for ‘satanic’

That’s fund giant BlackRock Inc.’s(BLK) Chief Executive Larry Fink’s answer when asked this week at the glitzy Switzerland gathering of executives, economists and politicians about the “anti-woke” pushback against Wall Streeters who see investment opportunity in fighting climate change.

Fink said… “”Let’s be clear, the narrative is ugly, the narrative is creating this huge polarization.”

Poor billionaire Larry Fink feels demonized:

It couldn’t happen to a nicer guy.

John Carney, Breitbart News

Larry Fink said that criticism of ESG investing has become personal and accused critics of trying to “demonize” an investment strategy he has championed for the past several years.

“I’m taking this very seriously,” the BlackRock chief said in an interview with Bloomberg TV on Tuesday. “We are trying to address the misconceptions. It’s hard because it’s not business any more, they’re doing it in a personal way. And for the first time in my professional career, attacks are now personal. They’re trying to demonize the issues.”

Karma. When did Larry Fink say anything about the rampant demonization and personal attacks on climate skeptics?

Florida hasn’t taken much money back from Fink (in the big scheme), but they have shown the way, and Fink must be worried that if word spreads, BlackRock could become an empty shell. There is a long way to go, but the legal process used by US State governments against BlackRock can cut the heads off the funding hydra that takes trillions of dollars from citizens and uses it against them.

It’s a breach of anti-trust law in the US and works just like a giant financial cartel.

There are already 19 US States fighting back against BlackRock. They may be our best hope of clawing back power from the dark money bubble threatening democracies.

*ESG stands for “Environment, Social, Governance” but means virtually anything fluffy and fashionable.

Source—www.joannenova.com.au

13 thoughts on “Backlash: BlackRock CEO says attacks on ESG investing are getting ugly and personal

  1. How about everyone copying this to every business school in Canada that follows this ESG bullsh*t, which is every single one from Queen’s to Haskayne.

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  2. “Secondly — Larry Fink feels hurt. ”
    Awe! Poor Jew Jew. He ought to be grateful he hasn’t been executed or expelled yet and his assets and business confiscated for financial and other crimes against investors and mankind as a whole.

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  3. “climate and ESG-investing attacks getting ugly, personal”
    Not as ugly as they have been made by the Climate Alarmists for the past 30 years. While it started before 1992, Al Gore set the tone.

    In 1993 Al Gore became Vice-President. He invited William “Bill” Gray to a Global Warming Conference that Gore was holding. Gray told him “I am happy to come to your conference, but I am not a big believer in your theories.”
    After telling this to Al Gore in 1993, Bill never received any more funding from the government. He’d received NOAA funding for decades to support his ( global leading) hurricane forecast center. The message went out to Climate Scientists loud and clear “either you do along with Gore’s theories or you lost funding”.

    DOES ANY OF THIS SOUND FAMILIAR AS IT PERTAINS TO FAUCI?!?

    Bill was demeaned by every Climate Alarmist there was, and is. And then there were the students at CSU who put up a poster with the following: “I think it’s time for CSU students, faculty, and alumni to flood the Atmospheric Science Department with demands for a denunciation of Dr. Gray’s unscientific stance on climate change. He’s an old man now and who knows where his head is, but being a tool of climate deniers puts the reputation of Colorado State University in doubt”.

    There remains no, and I mean none, atmospheric observations/measurement on Earth that indicate CO2 influences anything. If CO2 were important the surface of Mars would not be -63C.

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  4. ‘Evil, Sick, and Godless’ is closer to reality. All corporations “give back” by employing 10s or hundreds or thousands of people. They provide pensions to company retirees. They give back by making products that people want and need or they would be out of business. The problem with corporations is that they sometimes have bad people who make bad decisions and cannot oust them quickly because of contractual obligations. The left is always whining about corporations not paying the corporate income tax, but just about everyone who works for a corporation pays income taxes or gets punished by the government. In addition, the people who buy their products pay a tax built into the product price. When corporations do not pay any tax it can be a result of loopholes that allow them to put the money elsewhere. Who put the loopholes into the tax code? The government, of course. When corporations cozy up to the government for favors and the government does not say “NO”, the bad results are the fault of the government, since corporations do not have the power to make laws. Falling into the ESG trap is most likely caused by the leftist-controlled government pressure, but I wonder why shareholders have not complained loud and long. Are they afraid or just ignorant?

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  5. ESG = If corporations aren’t on board the “Environmental Climate Change hoax”, “Social Engineering” and “Governance by Diversity/Inclusion/LGBTQ+ Sodom and Gomorrah” then those companies will be ostracized. Another lever the elite cabal are using for total control in their efforts for a communist NWO.

    Please do not support corporations that support WEF’s ESG agendas.

    Mr. Fink of Blackrock and his carbon spewing dupes of Davos want to curb your driving.

    Fink def:

    1. inform on to the authorities. “there was no shortage of people willing to fink on their neighbors”

    2. fail to do something promised or expected because of a lack of courage or commitment. “administration officials had finked out”

    Clearly not someone you can trust!

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