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Author Topic: BlackRock CEO says companies need to set environmental goals or face possible divestiture  (Read 434 times)

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Offline catfish1957

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BlackRock CEO says companies need to set environmental goals or face possible divestiture
« on: January 26, 2021, 06:02:21 pm »


https://www.marketwatch.com/story/blackrock-ceo-says-companies-need-to-set-environmental-goals-or-face-possible-divestiture-11611664767?mod=mw_latestnews

<snipit>
BlackRock Chief Executive Larry Fink has issued his latest edict to companies — disclose a plan on limiting global warming or face divestiture.

That is according to the firm’s annual shareholder letter. Fink wants companies to disclose how their business model will be compatible with limiting global warming to no more than 2 degrees Celsius above preindustrial averages, and eliminating net greenhouse gas emissions by 2050.

“Investors cannot prepare their portfolios for this transition unless they understand how each and every company is prepared both for the physical threats of climate change and the global economy’s transition to net zero. They are asking managers like BlackRock to accelerate our data and analysis capabilities in this area — and we are committed to meeting their needs,” said Fink.

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I own about 9 Blackrock MF's, and have already called and written about my displeasure of what CEO Fink is doing.  Which is basically blackmail and extortion to help meet the envirowhacko agenda.  Hopefully they realize that divestiture is a two way street.  If enough react, maybe this shit will stop.

If you do have any Blackrock Funds in your portfolio, the Public Affairs number is (212) 810-5596
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Offline catfish1957

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Re: BlackRock CEO says companies need to set environmental goals or face possible divestiture
« Reply #1 on: January 26, 2021, 06:59:42 pm »
<bump>
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Offline Fishrrman

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Re: BlackRock CEO says companies need to set environmental goals or face possible divestiture
« Reply #2 on: January 26, 2021, 10:38:20 pm »
"BlackRock Chief Executive Larry Fink has issued his latest edict to companies — disclose a plan on limiting global warming or face divestiture."

In this case, divestiture is clearly the better option...
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Online Hoodat

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Re: BlackRock CEO says companies need to set environmental goals or face possible divestiture
« Reply #3 on: January 26, 2021, 10:40:45 pm »
Why did Larry Fink invest in the first place?  Hypocrite!
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Offline IsailedawayfromFR

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Re: BlackRock CEO says companies need to set environmental goals or face possible divestiture
« Reply #4 on: January 26, 2021, 11:12:08 pm »
one big reason I will never use Blackrock for anything.
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Offline catfish1957

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Re: BlackRock CEO says companies need to set environmental goals or face possible divestiture
« Reply #5 on: January 27, 2021, 02:40:57 pm »
Bump as a reminder to any interested Blackrock investors.
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