In a slow but steady retreat, the world’s most powerful financial institutions are abandoning their once-lauded climate pledges in the beginning of a long-overdue correction.
Tag: BlackRock
Trump Admin Backs Red States’ Antitrust Suit Against Financial Titans To ‘Protect Coal’
The Federal Trade Commission (FTC) and the Department of Justice (DOJ) threw their weight behind an antitrust lawsuit against major asset managers that alleges the firms colluded to tank coal production…
Federal Reserve Withdraws from Global Climate Coalition
In a move that has sent shockwaves through climate advocacy circles, the U.S. Federal Reserve announced its withdrawal from the NGFS—a coalition of central banks established in 2017 to address…
Buy Woke, Go Broke: The Failure of ESG Investing
ESG investment momentum has slowed on both sides of the Atlantic since 2022. In 2022, for the first time in more than a decade, investors pulled more money from funds…
Larry Fink at WEF destroys net zero due to AI power demands: ‘The world is going to be short power. And to power these data companies you cannot have just this intermittent power like wind & solar. You need dispatchable power’
To power these data companies you can’t have intermittent power like wind & solar
Holy C^%@, Authoritarian Evil of ESG Emerges at Texas Hearing
…outlining how @CreditSuisse ( $CS ) indicated that they would deny him for a loan if he didn’t tweet out various points praising the green energy agenda:
ESG is the Psychotic Bully of the Investment World
…its advocates use emotional blackmail and fear about climate change to get away with becoming corporate kingmakers…
Another Bad Day at Black Rock
BlackRock will be forced to defend multiple lawsuits unless it takes significant steps to abandon both its ESG investment strategies and its extensive activities to force net-zero emissions at the…
Alex Epstein: “It’s time for Larry Fink to come clean about fossil fuels”
Guest “Will the real Larry Fink please stand up?” by David Middleton Remember the old game show, To Tell the Truth? To Tell the TruthSeptember 8, 1969 – September, 1978Produced…
Net Zero Fail: CBA Shareholders Overwhelmingly Support Fossil Fuel Loans
As global fossil fuel demand surges, a shareholder resolution by Commonwealth Bank of Australia to stop fossil fuel lending was overwhelmingly rejected by 86% of shareholders.
Major Hedge Fund Manager Demands Big Funds Force Companies to Act on Climate Change
It is never enough; despite recent moves to green their portfolios, major Hedge Fund manager Chris Hohn has accused Blackrock and Vangard of not doing enough. But this push for…
99% of Barclay’s Shareholders Vote for Permanent COVID-19 Economy
Guest “you can’t actually vote on the Laws of Physics” by David Middleton 99% vote of support sees Barclays adopt climate resolution to be net-zero Hope William-Smith11 May 2020 A…
Fossil Fool Divestment Fail: BlackRock Edition
Guest Ron White impression by David Middleton “You can’t fix stupid”… Activists call on BlackRock to divest from fossil fuels Alejandra O’Connell-Domenech 5 days ago Protesters also called for the…
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