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Wise States Begin to Push Back Against BlackRock, Larry Fink
RealClear Markets ^ | 11 Aug, 2022 | Scott Shepard

Posted on 08/13/2022 6:16:22 AM PDT by MtnClimber

Encouraging reports indicate that the more sensible of the states have finally begun to confront not only the leftist takeover of corporate boards and executive suites, but against the attempts by the modern malefactors of great power – Larry Fink and BlackRock, Brian Moynihan and Bank of America, and the rest of that crowd – to dictate American economic and social life under the banner of ESG.

Things are moving quickly. Just recently Governor DeSantis announced a “flat ban” against investing Florida state or pension funds in ESG-involved investments. West Virginia Treasurer Riley Moore listed the firms, including BlackRock, with which West Virginia and its subsidiaries would no longer do business because those companies continue to block their investors’ capital from flowing to reliable-energy producers in the name of climate protection. State attorneys general are, notably, beginning their own investigations.

State efforts to rein in the self-appointed capital controllers will have to be sophisticated, because the latters’ efforts to dictate national policy from their c-suites have been both highly sophisticated and deeply disingenuous. It is not enough, for instance, merely to steer state funds (including, vitally, pension funds) away from ESG-labeled investments. As I reported in these pages following BlackRock’s shareholder meeting earlier this year, Fink and his fellow executives made plain that they use the influence created by all of the assets invested with them – not just the ESG-labeled investments – to try to force corporations to follow Fink’s personal policy preferences toward decarbonization on political schedules rather than according to developing technological and financial indicators.

This is a breach of BlackRock’s disclosure and fiduciary duties, as Fink himself implicitly recognized when he claimed that BlackRock was not violating those duties because it offered investors different sorts of investments to choose.

(Excerpt) Read more at realclearmarkets.com ...


TOPICS: Business/Economy; Society
KEYWORDS: blackrock; communism; creepstate; deepstate; energy; esg; finance; florida; genderdysphoria; green; homosexualagenda; investments; policestate; realty; rico; rondesantis; singlepartystate; socialscore

1 posted on 08/13/2022 6:16:22 AM PDT by MtnClimber
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To: MtnClimber

I am glad there is beginning to be some pushback. The ESG system is just a woke social credit system for businesses.


2 posted on 08/13/2022 6:16:31 AM PDT by MtnClimber (For photos of Colorado scenery and wildlife, click on my screen name for my FR home page.)
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To: MtnClimber
You must admit that it is a reasonably good guideline on places to avoid.
3 posted on 08/13/2022 6:23:44 AM PDT by Vigilanteman (The politicized state destroys aspects of civil society, human kindness and private charity.)
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To: MtnClimber

WATCH (4 min)
BlackRock Behind Corporate Landlord Movement
https://newtube.app/user/Hostage/aZXdOqd

LATER, WHEN YOU HAVE TIME, BECOME FULLY AWARE (1 hour)
MONOPOLY - WHO OWNS THE WORLD? A DOCUMENTARY BY TIM GIELEN
https://www.bitchute.com/video/EHrd2p3HkTEj/


4 posted on 08/13/2022 6:30:30 AM PDT by Hostage (Article V)
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To: MtnClimber

ESG is heavily promoted by Russia and Saudi Arabia.

Something is not quite right with this Crown Prince Bin Salman. He’s massively ambitious with delusions of grandeur.


5 posted on 08/13/2022 6:32:56 AM PDT by Roman_War_Criminal (Jesus + Something = Nothing ; Jesus + Nothing = Everything )
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To: MtnClimber

.


6 posted on 08/13/2022 6:36:40 AM PDT by sauropod (Unbelief has nothing to say. Chance favors the prepared mind.)
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To: Hostage

.


7 posted on 08/13/2022 6:37:09 AM PDT by sauropod (Unbelief has nothing to say. Chance favors the prepared mind.)
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To: MtnClimber

Is he really a Fink?


8 posted on 08/13/2022 6:54:49 AM PDT by Tom Tetroxide
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To: MtnClimber

what’s distressing is that this guy is obviously an evil man and he has so much power concentrated in himself. He’s never been elected. Rarely been talked about. He hides in the shadows and yields immense power over our society. And he’s totally unaccountable.


9 posted on 08/13/2022 6:59:16 AM PDT by imabadboy99
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To: Hostage

GOD owns the world. Those people just think they do.
At some point He will set them straight.


10 posted on 08/13/2022 7:13:27 AM PDT by telescope115 (Proud member of the ANTIFAuci movement. )
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To: Hostage

Thanks.

2nd video was posted on Aug 19, 2021. Still very accurate.


11 posted on 08/13/2022 8:27:30 AM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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To: telescope115

God owns the world

Bump


12 posted on 08/13/2022 8:28:30 AM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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To: Texas Fossil; telescope115

“God owns the world”

Then why is he letting these bastards run it?


13 posted on 08/13/2022 9:02:23 AM PDT by aquila48 (Do not let them make you "care" ! Guilting you is how they control you. )
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To: aquila48

I don’t have the answer to that. Good question.


14 posted on 08/13/2022 9:03:41 AM PDT by telescope115 (Proud member of the ANTIFAuci movement. )
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To: aquila48

Why?

Testing us.

Preparing to end it for Satan’s children.


15 posted on 08/14/2022 5:37:35 AM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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To: MtnClimber

The author fails to note what ESG is other than it is bad and some are revolting against it


16 posted on 08/14/2022 5:45:51 AM PDT by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality day)
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