Everything Blackrock will be posted on this page. Enjoy finding out about these shady people!!
They are all connected in this great video plus a link about the missing Malaysian Airlines MH370 – mystery solved – yes the Illuminati have their fingers in this pie too.
David Ashton webmaster
Extract of great podcast today. Sign up to his podcasts at bongino.com.
Check out some telegram posts and this story. They are all connected!!
Updated added 8 October 2022: ‘It Would Destroy the Economy’: State Divests From ‘Woke’ BlackRock
by Art Moore October 7, 2022 in Opinions
Blasting BlackRock’s promotion of green energy as an economy killer, Louisiana Treasurer John Schroder informed CEO Larry Fink that the state planned to liquidate the company’s investments and divest nearly $800 million from its money market, mutual and exchange-traded funds.
“Your blatantly anti-fossil fuel policies would destroy Louisiana’s economy,” Schroder wrote to Fink in the letter first obtained by FOX Business.
“This divestment is necessary to protect Louisiana from actions and policies that would actively seek to hamstring our fossil fuel sector,” Shroder said.
The treasurer said BlackRock’s investment in ESG – environmental, social and governance – “is inconsistent with the best economic interests and values of Louisiana.”
“I cannot support an institution that would deny our state the benefit of one of its most robust assets,” he continued.
“Simply put, we cannot be party to the crippling of our own economy.”
Ultimately, he said, BlackRock will “take food off tables, money out of pockets and jobs away from hardworking Louisianans.”
Oil is Louisiana’s largest sector, drilling the second-most oil and third-most natural gas in the nation, according to the Energy Information Administration. The primary objective of the ESG movement is push companies to a “net-zero” transition from oil to alternatives such as wind and solar.
But Will Hild, the executive director of Consumer’s Research, told FOX Business “the seeds of today’s energy crisis were planted by BlackRock and others in their reckless abandonment of their fiduciary duty to cozy up to radical, woke politicians.”
“We are glad to see the Treasurer working to put an end to their economic vandalism.”
West Virginia led the way, in July, in punishing banks that pursue ESG standards. And, along with Louisiana, 11 other states told FOX Business are planning to take similar actions. Asked for comment, BlackRock pointed FOX Business to a letter it sent to 19 Republican attorneys general Sept. 7.
“We are disturbed by the emerging trend of political initiatives that sacrifice pension plans’ access to high-quality investments – and thereby jeopardize pensioners’ financial returns,” the firm wrote to the state officials on Sept. 7.ation without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@wndnewscenter.org.
Article cross-posted from WND News Center.
Update added 12 October 2022: Republican treasurers withdraw $1B from BlackRock over ESG investments
The world’s largest asset manager is facing $1 billion in withdrawals from Republican state treasurers because of the financial giant’s investment priorities, according to published reports.
BlackRock, which manages $8.5 trillion, has come under fire for its aggressive push on so-called ESG investments that promote environmental, social and governance issues.
The outrage has led multiple GOP treasurers to announce they are planning to withdraw — or have already withdrawn — state funds from Larry Fink’s company.
The Louisiana treasurer, John Schroder, said last week he is pulling out $794 million, while Curtis Loftis of South Carolina announced plans to withdraw $200 million by the end of the year. That comes on the heels of the Utah treasurer withdrawing $100 million and Arkansas’ treasurer liquidating $125 million, according to the Financial Times.
People with knowledge say these withdrawals pale in comparison to the billions of dollars state pension funds invest in BlackRock. State treasurers allocate cash on hand in the treasury but have no say in where pension funds are allocated.
Despite, the planned withdrawals, BlackRock’s assets under management have actually surged $1 trillion since 2020.
The withdrawals come as 19 state attorneys general, led by Arizona’s Mark Brnovich, wrote to the Securities and Exchange Commission asking the agency to look into BlackRock’s ties to China and whether or not it was prioritizing its fiduciary responsibility to investors.
The letter highlighted that the investing giant invests in and does business with Chinese companies that often flout environmental concerns even as it pushes for US companies to embrace net-zero carb emissions. 20
The letter also asked the SEC to examine whether the group’s ties to various climate groups and ESG objectives conflict with its fiduciary responsibilities.
Texas Bans BlackRock and Other Financial Firms Over ESG Energy Crisis
Texas banned BlackRock and nine other finance firms from working with the Lone Star state after declaring they were hostile to fossil fuels.
Glenn Hegar, the state comptroller, on Wednesday published a list of the financial companies that will be prohibited from entering into most contracts with state and local governments.
“The environmental, social and corporate governance (ESG) movement has produced an opaque and perverse system in which some financial companies no longer make decisions in the best interest of their shareholders or their clients, but instead use their financial clout to push a social and political agenda shrouded in secrecy,” Hegar said in a statement.
Texas law put in place by Republicans last year requires the comptroller to prepare and maintain a list of financial companies that boycott energy companies.
The list comes after a months-long investigation by the comptroller’s office that looked into more than 150 companies to determine if they were refusing to deal with or penalizing the oil and gas industry.
Many financial firms have allegedly been shunning fossil fuel producers or launching ESG funds that do so. ESG is short for environmental, social, and governance. The rise of ESG oriented investing has been blamed for energy shortages that sent the price of oil and gasoline soaring earlier this year.
The comptroller also conducted research on individual investment funds, generating a list of nearly 350 funds that are subject to the same prohibitions as the companies.
“Our review focused on the boycott of energy companies, rather than a review of the entire ESG movement. This research uncovered a systemic lack of transparency that should concern every American regardless of political persuasion, especially the use of doublespeak by some financial institutions as they engage in anti-oil and gas rhetoric publicly yet present a much different story behind closed doors. This list represents our initial effort to shine a light on entities that are engaging in these practices and create some clarity for Texans whose tax dollars may be working to directly undermine our state’s economic health,” Hegar said.
