BlackRock

BlackRock was downgraded by UBS after many states pulled endowments over BLK's ESG/ant-Value/transparency positions.

BlackRock was downgraded by UBS for their Woke over anti-Investor Value positions on ESG... that got multiple states (Texas, South Carolina, Louisiana, to pull various state endowment/investment funds in paying into BlackRock funds that work directly agaist the State and their Employees interests.

ℹ️ Info

~ Aristotle Sabouni
Created: 2022-10-19

Louisiana announced they are pulling $794M from BlackRock This was over their anti-Energy policy that would directly impact Louisiana. Why would they fund someone who wants to end the biggest employment industry in the state?^[1]

South Carolina State Treasurer Curtis Lofits Pulled the state’s remaining $200 million in BlackRock because of the company’s “leftist worldview" -- which actually undermines the state's positions on Energy, and returns over political bias. ^[2]

Texas is cutting ties with BlackRock, UBS, and other firms that are hostile toward fossil fuels Texas Comptroller Glenn Hegar revealed in 2022.08, “The environmental, social and corporate governance movement has produced an opaque and perverse system in which some financial companies no longer make decisions in the best interest of their shareholders or their clients, but instead use their financial clout to push a social and political agenda shrouded in secrecy". ^[3]

UBS downgraded BlackRock over the various trend of divestment from BlackRock. While UBS is not immune from its own ESG stupidity. ^[4]

🔗 More

Organizations
Organizations that I felt the need to comment on (more often on the negs than the positives). But there's good/bad in all.

ESG
ESG is a left-wing version of the China Social Media Score to bully companies and individuals into agendas the elites want.

Slacktivism
Slacktivism is about pretending you're fully woke, but never being able to measure up. If you are fully woke, you are soon out of business.

🔗 Links

Wikipedia:BlackRock

Tags: Organizations ESG GWGB

[1] ttps://www.dailywire.com/news/louisiana-becomes-latest-state-to-reject-woke-investing-will-divest-800-million-from-blackrock

[2] ttps://www.dailywire.com/news/get-woke-go-broke-blackrock-stock-downgraded-over-risk-from-esg-investing

[3] ttps://www.dailywire.com/news/texas-cuts-ties-with-blackrock-other-woke-firms-over-their-hatred-for-fossil-fuels

[4] ttps://www.dailywire.com/news/get-woke-go-broke-blackrock-stock-downgraded-over-risk-from-esg-investing

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