BlackRock CEO Hails High Energy Prices for ‘Accelerating’ Green Transition

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.

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Consumers’ Research Says BlackRock Abdicating Fiduciary Responsibility in Favor of Progressive Politics

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: 

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States Preemptively Banning ESG Practices Pushed by Big Capital

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. 

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Commentary: BlackRock CEO Larry Fink Warns Environmental, Social and Governance Investors Ukraine War Will ‘Slow the World’s Progress Toward Net Zero’ in Near Term

Larry Fink

Blackrock CEO Larry Fink warned Environmental, Social and Governance (ESG) investors in his $10 trillion hedge fund’s annual shareholder letter that Russia’s invasion of Ukraine — and the resulting Western sanctions on Russia — had disrupted globalization and interdependent supply chains and would result in “increasing oil and gas supply” in the U.S. and “coal consumption may increase over the next year” in Europe and Asia to offset the drop in Russian exports.

As a result, Fink projected, “This will inevitably slow the world’s progress toward net zero in the near term,” referring to ESG goals like net zero global carbon emissions by 2050 that would encounter challenges, particularly as American consumers pay much higher prices with consumer inflation up 7.9 percent and producer inflation up 10 percent the past twelve months.

Those price pressures will mean more oil and gas production immediately, Fink said.

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Schweizer: The Titans of Wall Street Are Among China’s Closest American Allies

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…

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Commentary: BlackRock CEO Larry Fink’s Woke Capitalism Crusade Runs into Resistance

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.

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Schweizer: BlackRock CEO Larry Fink, Other Wall Street Leaders Partner with Chinese Coal, Military Enterprises

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.

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Commentary: Woke Capital Won’t Save the Planet – but It Will Crash the Economy

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.

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Ohio Native Vivek Ramaswamy Blasts BlackRock CEO Larry Fink

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.

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Crom Carmichael: ‘The Biden Agenda Is Being Carried Out in the Administrative State’

Wednesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed all-star panelist Crom Carmichael in studio to explain ESGs and how the agenda of the Biden administration continues to push through the administrative state.

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2nd Vote Advisers Co-Founder and CEO Dan Grant Offers an Alternative to Corporate CEO’s Forced to Adopt Leftwing Idelogies

Tuesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Co-Founder and CEO of 2nd Vote Advisors, Daniel Grant to the studio to discuss the leftwing ideologies permeating asset management powerhouses and influencing corporate policy.

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