The Texas Permanent School Fund (PSF) is pulling $8.5 billion from the investment firm BlackRock over its use of environmental, social and governance (ESG) policies.
The board informed the investment firm that it was being terminated as the manager of the Navarro 1 Fund in a Tuesday letter, which it provided to the Daily Caller News Foundation. The divestment represents the largest from the private firm, according to Fox Business Network.
Read the full story
Four members of Congress recently reported buying and selling financial assets, despite co-sponsoring a bill that would ban such trades, disclosures show.
Democratic Reps. Mary Gay Scanlon of Pennsylvania, Jeff Jackson of North Carolina, Bill Keating of Massachusetts and Republican Rep. Pete Sessions of Texas all reported selling or purchasing assets after they signed on as co-sponsors of the TRUST In Congress Act, financial disclosures show. The TRUST In Congress Act would ban members of Congress from directly trading covered investments, which includes securities, commodities futures and similar assets by requiring them to place such assets in a blind trust.
Read the full story
Tennessee Attorney General Jonathan Skrmetti said his consumer protection lawsuit against BlackRock’s Environmental, Social and Corporate Governance (ESG) investing will force the company to disclose if it is mixing ESG factors when making investment decisions instead of focusing on financial factors relative to the rate of return.
Skrmetti filed his lawsuit against BlackRock in December 2023, alleging that the hedge fund has misled consumers in Tennessee about the scale and impacts of its ESG initiatives for several years.
Read the full story
Staffers of former Governor Bill Haslam have sold their souls to BlackRock, a giant global corporation hell-bent on controlling every penny on earth and using their power to force us all to obey their woke ESG decrees. This is an outrage that must be addressed.
As Attorney General Skrmetti’s lawsuit against BlackRock progresses, BlackRock is fighting back. But other than making cringy ads starring a man in a cowboy hat in an absurd attempt to convince the people of Tennessee to trust them, BlackRock is also playing the swamp game.
Read the full story
In an advertisement on X, formerly Twitter, the hedge fund BlackRock is touting its investments in the state of Tennessee.
“BlackRock invested in the future of Tennessee,” the ad says. “On behalf of our clients, BlackRock has invested over $36.5 billion in public companies across Tennessee and nearly 1 in 12 Tennesseans benefit from the public pensions we manage.”
Read the full story
For the first time in the United States, an investment firm is being sued for its misleading Environmental, Social, and Governance (ESG) investment strategies, and our state is leading the charge.
Tennessee State Attorney General Jonathan Skrmetti accused BlackRock, Inc. of deceiving Tennesseans by downplaying their ESG-related investment goals and pressuring corporate boards to do the same.
Read the full story
BlackRock on Friday reached an agreement to acquire Global Infrastructure Partners for $12.5 billion, a move aimed at advancing the investment giant’s climate objectives and capitalizing on government subsidies, according to statements and reports.
BlackRock is the world’s largest asset manager and is a proponent of environmental, social and corporate governance (ESG) investing. Both companies share a commitment to decarbonization and BlackRock sees the deal’s timing as opportune, as governments have offered businesses rare financial incentives to build infrastructure, including for green energy projects, according to a press release.
Read the full story
Esteemed former Vanderbilt professor, renowned scholar, and all-star panelist Dr. Carol Swain joined The Tennessee Star Report with Michael Patrick Leahy on Tuesday to discuss the growing scandal involving Harvard’s Claudine Gay and increasingly difficult-to-defend allegations of plagiarism by the Ivy League school’s president.
Swain contends that Gay failed to credit her for sections of the book Black Faces, Black Interests, accusing her of derivative work since her dissertation, which Swain claims builds upon her own groundbreaking research.
Read the full story
Attorney General Jonathan Skrmetti appeared in-studio on Tuesday’s edition of The Tennessee Star Report with Michael Patrick Leahy, to discuss the first-of-its-kind lawsuit his office filed Monday against financial services giant BlackRock over alleged violations of consumer protection laws.
Read the full story
Attorney General Jonathan Skrmetti appeared in-studio on Tuesday’s edition of The Tennessee Star Report with Michael Patrick Leahy, where he laid out the reasons why BlackRock’s alleged double standards that they are pushing Environmental, Social, and Governance (ESG) initiatives that effectively force companies to shift their priorities are not just afoul consumer protection laws.
If left unchecked, Skrmetti argues, the opaque and unaccountable nature of corporate policymaking threatens the foundational principles of self-governance.
Read the full story
Republican Tennessee Attorney General (AG) Jonathan Skrmetti filed a consumer protection lawsuit Monday against BlackRock, the world’s largest asset manager and a leading proponent of Environmental, Social and Corporate Governance (ESG) investing.
The consumer protection suit alleges that BlackRock has misled Tennessean consumers about the scale and impacts of its ESG initiatives for several years. The suit further alleges that BlackRock’s own policies and corporate voting records demonstrate that its ESG push bleeds into financial products that are marketed as non-ESG funds, despite the company’s statements that it allocates capital where its clients request as a fiduciary.
Read the full story
House Judiciary Committee Chairman Jim Jordan on Friday subpoenaed two major players in the investment world for evidence in his investigation into Wall Street efforts to impose the liberal climate doctrine known as Environmental Social Governance or ESG and force carbon out of corporate America.
The subpeonas to BlackRock and State Street Global Advisers come months after Jordan made written requests for documents detailing how BlackRock pushed ESG policies in the investment world. Jordan said while his committee got some responsive materials from the two firms, he believes more is warranted.
Read the full story
Former U.N. Ambassador Nikki Haley met with several Wall Street executives in a series of events Tuesday in her bid to be the Republican nominee for president, according to the Financial Times.
Haley attended a small meet-and-greet breakfast in New York where CEO of BlackRock Larry Fink was in attendance, followed by a fundraiser later in the day co-hosted by Gary Cohn, former president of Goldman Sachs, according to the FT. BlackRock has been criticized by conservatives in recent years for its adoption and promotion of Environment, Social and Corporate Governance (ESG) policies, which aim to invest in companies based on their commitment to social and environmental causes.
Read the full story
Consumer and Republican backlash against Environmental, Social and Governance (ESG) investments has increased dramatically in the past year as states, Congress and presidential candidates have taken on the issue, promising to rein in the largely green-conscious movement of capital amid spiraling energy and food costs since 2021.
Boycotts of brands such as Bud Light, Disney and Target, coupled with statements by Blackrock CEO Larry Fink that he no longer wanted to call these so-called sustainable investments ESG— at Aspen Ideas Festival on June 25 Fink said “I’m not going to use the word ESG because it’s been misused by the far left and the far right… we talk a lot about decarbonization, we talk a lot about governance … or social issues, if that’s something we need to address…”—and reported outflows from ESG funds in 2023 have painted a gloomy picture for green and socially conscious investing.
Read the full story
Major Wall Street firms that decided to expand their asset management operations into China are struggling to capitalize on the market, according to The Wall Street Journal.
BlackRock, a top U.S. investment company, is one of many American firms that are struggling to compete in the Chinese market, ranking only 145th out of almost 200 Chinese mutual funds, with other firms like Fidelity International and Neuberger Berman ranking even lower, according to the WSJ. Factors contributing to the firm’s woes are a lack of willingness from local companies to utilize American investment banks, a struggling Chinese economy and restrictions from both the U.S. and China.
Read the full story
Amid growing criticism of its environmental, social and governance (ESG) investment practices, BlackRock has announced that it will offer retail investors in its largest exchange-traded fund (ETF) the opportunity to participate in its “Voting Choice” program. Open to institutional clients since January 2022, this program allows investors to choose from a limited set of options to guide BlackRock in voting their shares. While perhaps an effective PR tool, Voting Choice is little more than a ruse that neither empowers investors nor diminishes BlackRock’s power to impose its ESG goals on American businesses.
Read the full story
Several leading American asset managers have decreased their support for environmental, social and governance (ESG) resolutions since 2021, according to a new report by InfluenceMap, a nonprofit that tracks climate policies in Western corporations.
InfluenceMap’s report assigned BlackRock, Vanguard, State Street and Fidelity environmental stewardship grades of C+ or lower, which indicates that each firm exhibits “a lack of effective climate stewardship processes and use of shareholder authority to engage companies to transition” to a green energy, net-zero carbon emissions future. The report also noted that 2022 saw a “considerable” drop in corporate support for ambitious green shareholder resolutions, a development that coincides with increased Republican scrutiny of corporate ESG policies and mandates.
Read the full story
Virginia Attorney General Jason Miyares is the latest to join a coalition of attorneys general “demanding answers” from global investment firm BlackRock Inc., questioning its ability to manage funds passively.
Since August 2022, three groups of attorneys general representing 24 states have banded together in actions challenging company practices at BlackRock – the largest asset manager in the world and the first to reach $10 trillion in assets – claiming that it has allowed political persuasions to interfere with the investment of its clients’ funds.
Read the full story
The big news in energy this week is that BlackRock CEO Larry Fink says he is no longer using the term “ESG” in his business communications. Even more, Mr. Fink is now “ashamed” to be a participant in the debate on the issue. At least, that’s what he initially said on Sunday to an audience at the Aspen Ideas Festival, where he was a speaker.
“I’m ashamed of being part of this conversation,” Fink said as quoted by Axios. But almost as soon as he made the admission, Fink took it all back when pressed by his session’s moderator. “I never said I was ashamed,” he said, even though he had just actually said that very thing. “I’m not ashamed. I do believe in conscientious capitalism.”
Read the full story
A recruiter for BlackRock said that the asset management firm is able to “buy a senator” for $10,000 and that Russia’s invasion of Ukraine is “good for business,” according to a video recorded by an undercover journalist.
“You could buy your candidates. First, there is the senators. These guys are f***ing cheap. Got 10 grand? You can buy a senator. I’ll give you 500k right now. It doesn’t matter who wins, they’re in my pocket,” BlackRock Recruiter Serge Varlay said in a video published Tuesday by the O’Keefe Media Group, which was founded by guerilla journalist James O’Keefe.
Read the full story
Investing giant BlackRock’s board of directors recommended voting against two climate report proposals at its annual shareholder meeting on Wednesday, and investors followed the firm’s advice.
Each proposal demanded reports from BlackRock; left-wing activist organization CODEPINK requested a report from BlackRock concerning the climate-related risks of its aerospace fund. Paul Rissman, co-founder of Rights CoLab and a fellow for the George Soros-founded Open Society Foundations, requested a report on engineering decarbonization and its impact on pension fund returns; BlackRock’s board of directors recommended voting against both because the firm argued they do not provide the best results for shareholders.
Read the full story
Carbon capture is like burning witches.
In the 15th to 17th centuries, the elite in Europe and the United States believed that “evil humans were negatively affecting the climate and weather patterns.” The people were demanding something — anything — be done about famine and crop failure. There must be consequences, facts be damned, so inconvenient women on the fringes of society were labeled “witches” and burned at the stake in droves.
Read the full story
As regular as the turn of the seasons, each January sees Larry Fink, founder and CEO of BlackRock, the world’s largest asset manager, publish a lengthy letter on the state of the world and its implications for finance and investors. This year, January turned to February, and still no letter. Instead, February saw Tim Buckley, CEO of Vanguard, global number-two asset manager, give a groundbreaking interview explaining Vanguard’s decision late last year to quit the Net Zero Asset Managers (NZAM) initiative, which had been formed ahead of the 2021 Glasgow climate conference to reallocate capital in line with net zero emissions targets.
Read the full story
CEO Larry Fink of investing titan BlackRock put reduced emphasis on climate and other environmental, social and governance (ESG) goals in an annual letter to the company’s investors and stakeholders Wednesday, amid Republican criticism of his firm’s investing strategy.
BlackRock has faced significant criticism from Republicans, who allege that the company has focused too much on “woke” investing to the detriment of its clients, and more recently Democrats who argue the company hasn’t gone far enough with its ESG efforts. Fink’s reduced emphasis on his firm’s role in the energy transition stands in stark contrast to his 2020 letter to investors, in which he argued the company had a “significant responsibility … to play a constructive role” in the transition to low-carbon sources of energy, Axios reported.
Read the full story
Arizona State Legislators, House Speaker Ben Toma (R-Peoria) and Senate President Warren Petersen (R-Mesa) sent a letter to the National Association of Attorney Generals (NAAG) Wednesday, threatening legal action because of the association’s utilization of funding.
“It is time that Arizona’s laws and regulations start applying to NAAG and that this unaccountable slush fund activity stop now,” the legislators wrote in the joint letter. “At this point, litigation is reasonably likely between us. Consider this letter a litigation hold notice.”
Read the full story
Black Rock owns more than 6 percent of Norfolk Southern Railway, the huge railway company whose train derailed in East Palestine, Ohio on February 3, causing what many are describing as an ecological and health disaster for residents of Ohio and nearby Pennsylvania.
Fintel.io reports that as of February 16, 2023, Black Rock owns 6.8 percent of Norfolk Southern Railway.
Read the full story
The year 2022 brings an end to an era of illusions: a year that saw the end of the post–Cold War era and the return of geopolitics; the first energy crisis of the enforced energy transition to net zero; and the year that brought environmental, social, and governance (ESG) investing down to earth with a thump—for the year to date, BlackRock’s ESG Screened S&P 500 ETF lost 22.2% of its value, and the S&P 500 Energy Sector Index rose 54.0%. The three are linked. By restricting investment in production of oil and gas by Western producers, ESG increases the market power of non-Western producers, thereby enabling Putin’s weaponization of energy supplies. Net zero—the holy grail of ESG—has turned out to be Russia’s most potent ally.
Read the full story
Arizona State Treasurer Kimberly Yee (R) shared in a statement Thursday how her office has made significant divestments from investment company BlackRock following concerns that CEO Larry Fink was using the company to spread his political beliefs.
“The Arizona Treasury has received many questions, comments and concerns in the past few months regarding BlackRock, as several states have recently announced they are no longer investing with BlackRock,” said Yee. “We will continue to fight back against the dangerous path of companies pushing their social issues and wokeism inside of the investment space and return to traditional money management that puts the people first.”
Read the full story
Florida’s Chief Financial Officer Jimmy Patronis announced Thursday that the state will begin pulling over $2 billion in assets from large investment manager BlackRock because of the firm’s environmentally and socially motivated investing standards.
Patronis said that BlackRock is choosing to use its money to pursue its ideology rather than secure profits for its clients, according to a press release. Florida’s State Treasury will begin to remove roughly $1.43 billion worth of long-term securities from BlackRock’s control as well as approximately $600 million worth of short-term investments managed by the firm.
Read the full story
Missouri State Treasurer Scott Fitzpatrick announced on Tuesday that the state’s pension fund is selling all of its assets that are managed by BlackRock, a move that will divest up to $500 million from the asset manager.
The Missouri State Employees’ Retirement System (MOSERS) is withdrawing its assets from BlackRock’s control because the state believes that the company is using its control of pension funds to push a “left-wing” agenda as opposed to making money for its clients, according to a press release. Missouri joins several other Republican-run states that have also pulled funds from BlackRock for similar reasons.
Read the full story
The asset management company BlackRock, which has been widely criticized for promoting multiple far-left concepts in the world of business, has seen its stock downgraded due to ongoing backlash.
According to The Daily Wire, UBS analyst Brennan Hawken downgraded the company last week due to its support for Environmental, Social, and Corporate Governance (ESG) policies. The target stock price was reduced from $700 to just $585, resulting in a one percent drop in BlackRock shares on Tuesday.
Read the full story
Republican state treasurers are withdrawing $1 billion in assets from BlackRock’s control due to the asset manager’s alleged boycott of the fossil fuel industry, according to the Financial Times.
Republican South Carolina State Treasurer Curtis Loftus is pulling $200 million from BlackRock by the end of 2022, and Louisiana treasurer John Schroder said on Oct. 5 that he is divesting $794 million from the company, according to the FT. Utah treasurer Marlo Oaks said he removed $100 million in funds from BlackRock’s control, and Arkansas treasurer Dennis Milligan pulled $125 million from the company in March.
Read the full story
BlackRock CEO Larry Fink said during a forum at the Clinton Global Initiative that increased energy prices are “accelerating” the transition to “green” energy.
“Because of the rising energy prices, we are certainly seeing the green premium shrink quite considerably. And so, the amount of investment dollars that are going into new decarbonization technology is accelerating, and accelerating very rapidly,” Fink told former President Bill Clinton.
Read the full story
The world’s largest asset manager, BlackRock, responded to more than a dozen Republican attorneys general explaining its approach to environmental, social and corporate governance (ESG) investing after the attorneys general alleged that the company is violating its fiduciary duties, according to a company letter.
Read the full story
Pro-market elected officials and thought leaders are fighting back against progressive activists’ creeping capture of corporate America through the Environmental Social and Governance movement..
ESG investment strategies, increasingly prevalent among large asset management firms, seek to leverage passive investors’ assets to steer corporate decision-making to promote progressive social and environmental priorities. ESG has often been compared to the “social credit” system used by China’s ruling communist elite to enforce political conformity on its population.
Read the full story
The state of Texas announced new restrictions on at least 10 finance firms that have declared an opposition to oil and other fossil fuels, since such a stance could “undermine” the Texas economy that depends heavily on such fuel sources.
The Daily Caller reports that the restrictions, announced by the Texas Comptroller of Public Accounts Glenn Hegar, will prevent the companies in question from entering into most contracts with entities at the state or local level. The new policy is the result of a law passed in 2021 that requires the state government to limit its ties with anti-oil companies. As a result, the government requested information from over 100 companies to determine their stances on fossil fuels.
Read the full story
Live from Music Row Thursday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. – host Leahy welcomed Head of Corporate Governance for Strive Asset Management Justin Danhof to the newsmaker line to describe the company’s goals and portfolio, and closing the back doors of corporate America. Leahy: We welcome to our newsmaker line Justin Dahof, the head of corporate governance for Strive Asset Management. Good morning, Justin. How are you this morning? Danhof: I’m doing great, Michael. It’s a pleasure to talk with you. Leahy: Strive Asset Management is an exchange-traded fund, and your objective is to have a portfolio of companies where you are able to communicate to them your desire that they not follow woke policies. Do I have that right? Danhof: So Strive Asset Management, we’re a brand-new asset management firm. We do have one ETF, and we are launching more products coming up in the following month. And our first product is DRLL, and it’s a U.S. energy product. And our message is quite simple. On behalf of our clients, we’re telling American energy companies to do something very novel…
Read the full story
A research group has honed in on investment titan BlackRock, known for purchasing real estate in massive swaths nationwide, saying that those who have invested in the company may be at risk.
Consumer’s Research says:
Read the full story
Missouri Attorney General (AG) Eric Schmidt and 18 other Republican AGs are investigating BlackRock concerning the company’s push to place environmental, social and corporate governance (ESG) standards on states’ pension funds, according to the AGs’ letter.
The Republican AGs, including those from Arizona, Texas, Ohio and Montana, sent a letter to BlackRock CEO Larry Fink on Thursday claiming that BlackRock did not attempt to make money for states’ pensioners, but rather used funds to pressure companies to phase-out fossil fuels and comply with its climate agenda. The AGs allege that numerous of the firms’ actions ‘may violate multiple state laws’ as BlackRock may have an ulterior motive, particularly concerning its “climate agenda,” that differs from its public stances and statements.
Read the full story
At the inaugural UPS Impact Summit, the shipping company announced they will invest $8.75 million in Atlanta companies in a pledge to advance “ESG [environmental, social and justice agenda], diversity, equity and economic empowerment.”
“UPS is a purpose-driven company. We move goods while also doing good — this is who we are in our hometown and in every community we serve,” UPS Chief Executive Officer Carol B. Tomé said. “I’m proud of our Foundation’s approach to driving social impact here in Atlanta and around the world.”
Read the full story
Blackrock has gone from being known as the largest asset manager in the world to being known as the investment company that pushes a social agenda on the companies it invests in. From cajoling corporate America into signing the manifesto of stakeholder capitalism, the Business Roundtable Statement on Corporate Responsibility, to putting anti-oil board members on the board of oil companies, Blackrock has developed a reputation, at least among conservatives, as a company that is imposing CEO Larry Fink’s social agenda on American capitalism.
In fact, the reputational issue is so prevalent that Fink spent much of the recent annual report rebutting it, arguing that what he is practicing is simply capitalism and that the imposition of climate change minimization measures and other ESG issues relevant to stakeholders is simply capitalism. The standard arguments here are that practicing ESG is not politics but rather risk management. Typically ESG proposals talk about reputational risk or the risk that at some point in the future governments will embrace the values expressed in ESG circles and impose them involuntarily on businesses. In such cases, for example, fossil fuel companies will be stuck with “stranded assets”, i.e. oil and gas wells rendered worthless by the coming age of enlightened energy regulation.
Read the full story
States across the country are preemptively banning Environmental, Social and Governance (ESG) scoring, which some say would lead to a massive consolidation of wealth among the most powerful investment companies in America.
“In an attempt to secure vast amounts of wealth and influence over society, corporations, bankers, and investors, working closely with key government officials, have launched a unified effort to impose environmental, social, and governance (ESG) standards on most of the industrialized global economy. (ESG standards are also referred to as ‘sustainable investment’ or ‘stakeholder capitalism.’),” Justin Haskins at The Heartland Institute said.
Read the full story
Just months after The Star News Network reported on Environmental, Social and Governance (ESG) scores taking over corporate America, bills are pouring into state legislatures around the country, some with the intent on implementing the practice and others with the intent of banning the practice.
Justin Haskins at The Heartland Institute, which has closely tracked ESG scores, defines them as the following:
Read the full story
Former BlackRock Portfolio Manager and Investor Edward Dowd is accusing the United States government of democide after an analysis of Centers for Disease Control (CDC) data showed an 84 percent increase in excess mortality in millennials in the fall of 2021.
During a recent appearance on Steve Bannon’s War Room Pandemic, Dowd said that an insurance industry expert analyzed the CDC’s aggregate data and broke down the number of mortalities by age and created baselines for each age group. All age groups experienced excess mortality, especially millennials, he said.
Read the full story
TRANSCRIPT: McCabe: One of the great ironies in investigative journalist Peter Schweizer’s new book Red-Handed is the degree to which the Chinese Communist Party has infiltrated the very heart of American capitalism on Wall Street. Schweizer told The Star News Network that the titans of Wall Street are among China’s closest allies. Schweizer: What China wants from Wall Street is access to Western capital with no questions asked. And unfortunately, the biggest firms on Wall Street are prepared to give it to them. So when the Trump administration pushed for tariffs and restrictions on Chinese economic activity in the United States, one of the first institutions to stand up and protest in the White House were the big firms on Wall Street. McCabe: Schweizer said one of the Chinese Communist Party’s biggest supporters on Wall Street is BlackRock and its CEO and co-founder Larry Fink. Schweizer: He basically runs a fund that that manages money that’s equivalent to half of the entire United States economy. So he has an enormous pull. McCabe: The investigative reporter said Fink is not shy about his support for the Chinese government. Schweizer: He has also praised the regime. He said that yes, you know,…
Read the full story
Only a few years after “woke capitalism” was touted as the wave of the future, its supporters are getting a wakeup call of their own.
Just ask BlackRock CEO Larry Fink. The tone of his 2022 letter to CEOs is very different from his previous two, both of which pushed Environmental, Social and Governance (ESG) investment criteria and “stakeholder capitalism” relentlessly. As far as Fink was concerned, ESG, “sustainability,” and the agenda for what we have termed “woke capital” would dominate the markets for years, while he and his $10 trillion asset management behemoth would, in turn, dominate them. Fink was to be king of the stakeholder world.
Read the full story
The investigative journalist and author of Red-Handed: How American Elites Get Rich Helping China Win told The Star News Network the titans of capitalism on Wall Street are now the partners of the Chinese Communist Party.
“What China wants from Wall Street is access to Western capital with no questions asked, and unfortunately the biggest fans on Wall Street are prepared to give it to them,” said Peter Schweizer, who is the president and founder of the Government Accountability Institute and the host of The Drill Down podcast.
Read the full story
Judged by BlackRock CEO Larry Fink’s latest letter, January 2022 might turn out to be the highwater mark of woke capitalism. Stakeholder capitalism is not “woke,” Fink says, because capitalism is driven by mutually beneficial relationships between businesses and their stakeholders. He’s right. What Fink describes is capitalism pure and simple, the stakeholder modifier adding nothing to the uniqueness of capitalism in harnessing competition and innovation for the benefit of all.
Fink’s shift is more than rhetorical. Just three years ago, in his 2019 “Profit and Purpose” letter, Fink told CEOs that the $24 trillion of wealth Millennials expect to inherit from their Boomer parents meant that ESG (environment, social, governance) issues “will be increasingly material to corporate valuations.” Now Fink tells them that “long-term profitability” is the measure by which markets will determine their companies’ success, dumping the ESG valuation metrics he’d previously championed.
Read the full story
The founder and Executive Chairman of the biopharmaceutical company Roivant Sciences blasted BlackRock Chief Executive Officer (CEO) Larry Fink.
“Larry Fink claims to embrace ‘ESG.’ In practice, he does political favors for the CCP in return for market access to China and earns hefty fees from American workers who have no idea how he uses their assets to advance his own agenda. The face of the woke-industrial complex,” Vivek Ramaswamy said on Twitter.
Read the full story
A new ad targeting investment giant BlackRock’s ties to China was released Thursday by Consumers’ Research, a non-partisan, consumer-oriented advocacy group.
“No amount of woke posturing can hide what BlackRock is really up to. The idea that an American company is taking billions of dollars and using it to bet on China’s success is extremely concerning,” Executive Director of Consumers’ Research Will Hild said in a statement.
Read the full story