Blackrock CEO Backtracks On ESG

When I think of the leader in ESG investment, I think of Blackrock. …

This is just my own opinion, but the firm has done its fair share of pushing ESG scores and ESG investing over the years.

It is surprising and ironic then that Larry Fink, the CEO of Blackrock capital management is backtracking when it comes to ESG investing. …

I guess the current banking meltdown has them spooked and they cannot afford these silly woke luxuries—even Blackrock has to worry about the bottom line eventually.

Twitter users lambasted Fink:

BlackRock CEO Scales Back Emphasis On Climate Investing: ‘Not … The Environmental Police’ https://t.co/1Xv6oGw3UX via @dailycaller
Has Larry Fink come to his senses as he rolls back on ESG.

— Rambles of Ronnie | Politics & Current affairs 📝 (@RamblesOfRonnie) March 16, 2023

https://twitter.com/SMaulberger/status/1636457411639648263

Daily Caller provided this quote from Fink:

“At BlackRock we use data and analytics to help our clients understand how the energy transition is evolving and give them choices about how they would like to invest in emerging opportunities.

Better data is essential,” Fink said in the letter. “But as I have said consistently over many years now, it is for governments to make policy and enact legislation, and not for companies, including asset managers, to be the environmental police.”

Try An "Extreme Altitude Wine" ... From Patriot Wines

 

I say it’s Larry Fink, CEO of Blackrock and key partner of Klaus Schwab and the WEF, who is the main driver in pushing ESG scores. Red states need to divest themselves of any investments they have with Blackrock and insure that Blackrock is not involved with state finances

— Each Moment With You (@EachWith1) March 16, 2023

Blackrock's Fink is just so surprised by SVB's woke agenda. The king of ESG investments, forcing companies to adopt his BS, now is showing the TOTAL HYPOCRISY of these global elites

— Kent Vernon (@verdsvs) March 16, 2023

Breitbart adds:

Throughout the last year, state treasurers have focused on educating Americans on the dangers of ESG policies. They have blacklisted numerous asset managers who push ESG rules in investing, such as BlackRock.

In fact, multiple states have pulled out billions of dollars of state pension funds from asset managers who push such investing strategies.