Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Cracks In the Climate Change Narrative? Blackrock Quits Net Zero Asset Management Initiative
American Greatness ^ | 10 Jan, 2025 | AG Staff

Posted on 01/11/2025 4:45:05 AM PST by MtnClimber

Blackrock has become the latest financial giant to take a step back from the Net Zero Asset Managers (NZAM) Initiative and its efforts to cut so-called greenhouse gas emissions to zero by the year 2050 or sooner.

Blackrock, which manages $11.5 trillion in assets, joins a growing number of firms who are walking back their support for climate and Environmental, Social and Government (ESG) commitments.

According to Reuters, NZAMI has garnered more than 325 signatories that manage more than $57.5 trillion in assets, all of whom have pledged to support the goal of net zero greenhouse emissions by 2050 through various environmental initiatives.

According to Reuters, a number of major Wall Street lenders have left a similar climate organization for banks in the weeks ahead of President-elect Donald Trump’s return to the White House and Republicans taking control of Congress.

Trump has been openly critical of ESG investing and has voiced skepticism of Electric Vehicles (EVs) and environmental rules that are blocking the creation of new energy and infrastructure projects.

Rep. Jim Jordan (R-OH) who chairs the House Judiciary Committee, called the move by Blackrock “a huge win for freedom and American prosperity.”

Bloomberg reports that a client letter obtained from Blackrock explains that its membership in the net-zero group, “caused confusion regarding BlackRock’s practices and subjected us to legal inquiries from various public officials.”

Rep. Jordan heralded the firm’s departure from NZAMI and urged other U.S. financial institutions to, “follow suit and abandon the climate cartel and woke ESG policies.”

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


TOPICS: Business/Economy; Society
KEYWORDS: blackrock; california; climate; ecoterrorism; ecoterrorists; esgscore; expropriation; fraud; globalwarminghoax; greennewdeal; netzero; reparations; scam

1 posted on 01/11/2025 4:45:05 AM PST by MtnClimber
[ Post Reply | Private Reply | View Replies]

To: MtnClimber

After their clients lost lots of money tilting at windmills.


2 posted on 01/11/2025 4:45:20 AM PST by MtnClimber (For photos of scenery, wildlife and climbing, click on my screen name for my FR home page.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

I don’t believe it is an accident that blue cities are destroyed and left to rot. Democrats think long range and know they can swoop in with Pennys and snatch up land to sell off without ever investing anything just let it rot.NYC and Chicago are both surrounded by water and Milwaukee so they will rot too soon. Only land locked states are safe from democrat evil.


3 posted on 01/11/2025 5:11:05 AM PST by cnsmom
[ Post Reply | Private Reply | To 2 | View Replies]

To: MtnClimber

Running scared because they are behind the one world order and they were using climate change as their vehicle to do it. Attention has now been brought to the climate change narrative because of LA burning and they are now severing their ties to the underhanded crap they have been pulling before their proxy soldiers are caught red handed. BlackRock, Vanguard, and State Street are behind every environmental group pushing climate legislation and action with the goal of increasing their global power.


4 posted on 01/11/2025 5:14:05 AM PST by Openurmind
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

PREDICTION - Going forward any human problem NOT blamed on CLIMATE CHANGE will be blamed on AI.


5 posted on 01/11/2025 5:30:53 AM PST by MMusson ( )
[ Post Reply | Private Reply | To 1 | View Replies]

To: MMusson

Humans love to blame others for their own faults.


6 posted on 01/11/2025 5:38:27 AM PST by marktwain (The Republic is at risk. Resistance to the Democratic Party is Resistance to Tyranny. )
[ Post Reply | Private Reply | To 5 | View Replies]

To: MtnClimber
After their clients lost lots of money tilting at windmills.

After Blackrock lost lots of money with clients fleeing in droves.

7 posted on 01/11/2025 10:30:31 AM PST by Ditto
[ Post Reply | Private Reply | To 2 | View Replies]

To: MtnClimber

We shouldn’t kid ourselves, Blackrock views this disaster as a business opportunity. Given the cost of rebuilding is about to skyrocket from sheer demand, even the people who thought they were adequately insured by companies who will actually honor the policies are likely to be under-insured with respect to a rebuild. Those without any insurance at all are looking at ruin.


8 posted on 01/11/2025 10:39:22 AM PST by Billthedrill
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber
"Cracks In the Climate Change Narrative? Blackrock Quits Net Zero Asset Management Initiative"


9 posted on 01/11/2025 3:32:20 PM PST by clearcarbon (Fraudulent elections have consequences.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

This merely a re-branding:
“Alex Edmans, who teaches at London Business School… proposing the term “rational sustainability.” It may be bland, he said, but sustainability is about producing long-term value—and that’s hard to politicize”

https://www.esgprofessionalsnetwork.com/changing-the-esg-label-to-rational-sustainability/

IMHO the use of ‘sustainability’ is a red flag.


10 posted on 01/11/2025 6:06:57 PM PST by khelus
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson