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BlackRock cools ESG tone amid blowback but defends climate investing strategy
The Washington Times ^ | Friday, March 17, 2023 | Ramsey Touchberry

Posted on 03/18/2023 9:11:20 AM PDT by E. Pluribus Unum

BlackRock is walking a fine line in what has become one of the most hot-button culture war issues that red America calls woke capitalism.

The world’s largest asset manager is tamping down the rhetoric on its support for so-called ESG investing that takes climate risks and social justice politics into consideration, while making clear it has no intentions of ditching the controversial financial strategy.

In his annual letter to investors, BlackRock CEO Larry Fink said it is not the role of private companies “to be the environmental police.” But he said it is “still the case” that the company views “climate risk as an investment risk.”

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


TOPICS: Crime/Corruption; Front Page News; Government; Politics/Elections
KEYWORDS: blackrock; esg; woke

1 posted on 03/18/2023 9:11:20 AM PDT by E. Pluribus Unum
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To: E. Pluribus Unum

Some states noticed. They’ll pull back a little bit, but they’ll never stop, as long as they have the means.


2 posted on 03/18/2023 9:14:37 AM PDT by brownsfan (It's going to take real, serious, hard times to wake the American public.)
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To: brownsfan

Exactly, for now they’ll just stop bragging about it.


3 posted on 03/18/2023 9:18:16 AM PDT by 100%FEDUP
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To: E. Pluribus Unum

That guy couldn’t have a more appropriate last name.

The masses need to be aware of the residences of these globulleestas. Just an FYI tourist type of thing.


4 posted on 03/18/2023 9:23:42 AM PDT by Zuriel (Acts 2:38,39....Do you believe it?)
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To: 100%FEDUP

The five core funds offered in the Thrift Savings Plan loosely cover the basic range of publicly traded debt and equity securities. All five funds are managed by Blackrock Capital Advisers and are available only to TSP participants.


5 posted on 03/18/2023 9:24:55 AM PDT by lurked_for_a_decade (Imagination is more important than knowledge! ( e_uid == 0 ) != ( e_uid = 0 ). I Read kernel code.)
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To: 100%FEDUP

The five core funds offered in the Thrift Savings Plan loosely cover the basic range of publicly traded debt and equity securities. All five funds are managed by Blackrock Capital Advisers and are available only to TSP participants.


6 posted on 03/18/2023 9:25:00 AM PDT by lurked_for_a_decade (Imagination is more important than knowledge! ( e_uid == 0 ) != ( e_uid = 0 ). I Read kernel code.)
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To: E. Pluribus Unum

Not the role of private companies “to be the environmental police.” But he said it is “still the case” that the company views.

Loop holes have to be set up first


7 posted on 03/18/2023 9:25:14 AM PDT by Vaduz (LAWYERS )
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To: E. Pluribus Unum

Chairman and CEO of BlackRock, LARRY FINK

Fink was born on November 2, 1952.[8][9] He grew up one of three children in a Jewish family[10] in Van Nuys, California, where his mother Lila (1930-2012) was an English professor and his father Frederick (1925-2013) owned a shoe store.[3] He earned a BA in Political Science from UCLA in 1974.[9] Fink is also a member of Kappa Beta Phi.[11] He then received an MBA in Real Estate at the UCLA Anderson Graduate School of Management in 1976.[9][12]


8 posted on 03/18/2023 9:46:43 AM PDT by euram (allALL)
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To: E. Pluribus Unum

I’m so glad that I am retired. I would not handle being employed by a woke business. I’m positive I would be thinking they are wasting money on ESG and climate crap while neglecting the pay of the few employees that are the most productive.


9 posted on 03/18/2023 10:23:47 AM PDT by ConservativeInPA ("How did you go bankrupt?" Bill asked. "Two ways," Mike said. "Gradually and then suddenly." )
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To: E. Pluribus Unum

They have to. To admit being wrong is creating their own evidence of malfeasance.

Fink is a Rat.


10 posted on 03/18/2023 11:01:33 AM PDT by Sequoyah101 (Procrastination is just a form of defiance.)
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To: E. Pluribus Unum

These crooks all make big money from this “climate” fraud.

Look at fat Al Gore....worth over 330 million dollars from this scam.


11 posted on 03/18/2023 8:42:13 PM PDT by july4thfreedomfoundation (Disband and Defund the putrid FBI. America does not need an out of control Gestapo)
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To: E. Pluribus Unum

Black crock should be broken up before the tech companies.


12 posted on 03/18/2023 8:44:14 PM PDT by july4thfreedomfoundation (Disband and Defund the putrid FBI. America does not need an out of control Gestapo)
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