‘A Huge Win’: Woke ‘Cartel’ Of Financial Giants Dealt Death Blow 11 Days Before Trump Takes Office
Owen Klinsky
Contributor
January 10, 2025
Asset management behemoth BlackRock wrote a letter to institutional investors Thursday announcing its exit from an emissions-focused investor group, according to the Financial Times (FT).
The firm, which manages over $10 trillion and has been a leader in environmental, social and governance (ESG) investing, has left the Net Zero Asset Managers (NZAM) coalition — a United Nations–sponsored collection of financial services companies that have pledged to achieve net-zero portfolios by 2050 or sooner, the FT reported. The move comes less than two weeks before President-elect Donald Trump, who plans to embrace fossil fuels in his second term, takes office, and follows the exits of a slew of other corporations, including Goldman Sachs Group, Wells Fargo & Co., Citigroup, Bank of America, Morgan Stanley and JPMorgan Chase & Co. (RELATED: UN Reportedly Moves To Unlock Tens Of Millions In Climate Funding For Country Run By Terrorists)
In the letter to investors, vice-chair Philipp Hildebrand wrote that the asset manager’s membership in NZAM had “caused confusion regarding BlackRock’s practices and subjected us to legal inquiries from various public officials,” according to the FT.
This is a huge win for consumers and a decent start for @BlackRock rolling back their destructive influence on our economy. However, they still need to undo a lot of horrible incentives they put in place for corporate executives via ESG. Not just NetZero targets, but demanding…
https://t.co/aUlQ28OIcs— Will Hild (@WillHild) January 9, 2025
https://dailycaller.com/2025/01/10/blackrock-exits-united-nations-backed-net-zero-coalition/
