The elites have determined that fighting for “climate justice” is of the utmost importance.
Joe Biden has given far-left environmentalists a platform and is championing their extremist policies.
And you won’t believe the radical climate change policy this globalist corporation is pushing.
BlackRock is currently the world’s biggest asset manager with $10 trillion under management.
The global elites have only discussed a transition from shareholder capital to stakeholder capital, which essentially means making money for shareholders takes a backseat to doing what’s best for the stakeholders, namely everybody.
And BlackRock is throwing around its considerable muscle to nudge companies in the direction toward sweeping climate change.
Vivek Ramaswamy, who wrote the book Woke, Inc.: Inside Corporate America’s Social Justice Scam, exposed precisely how BlackRock is wrapping its tentacles around major corporations.
BlackRock CEO Larry Fink wrote in his annual letter to investors:
“Putting your company’s purpose at the foundation of your relationships with your stakeholders is critical to your long-term success. . . . Your company’s purpose is its north star in this tumultuous environment. . . . It is more important than ever that your company and its management be guided by its purpose.”
But as Ramaswamy points out, that specific purpose clearly involves a climate justice frame.
“Take Exxon Mobil. In 2018 the company’s guiding principle was clear: ‘Exxon Mobil Corporation is committed to being the world’s premier petroleum and petrochemical company.’ The company stated that its first responsibility was to make money for shareholders. Then last year a little-known investment firm called Engine No. 1, which held a 0.02% stake in Exxon, won three seats on Exxon’s 12-member board. Engine No. 1 waged an activist campaign claiming that Exxon should reduce its carbon emissions and become a global leader in profitable clean-energy production. BlackRock, Exxon’s second-largest shareholder, voted for three of Engine No. 1’s climate-focused board candidates,” Ramaswamy wrote.
So BlackRock got three climate activists on Exxon’s board and steered the company toward “green” energy goals.
“BlackRock claimed that its vote was motivated by concern over Exxon’s lack of a clear climate-change strategy,” Ramaswamy continued.
This is the direction in which the global elites want to go.
Concerns over the climate are a way of seizing control of the economy.
Radical environmentalists have been completely transparent about this.
“Every company and every industry will be transformed by the transition to a net zero world. The question is, will you lead, or will you be led. . . . Will you go the way of the dodo, or will you be a phoenix?” Fink added.
The CEO of the largest asset management firm in the world is signaling that he and other global elites like him are eager to steer the economy toward “green” climate action.
The environmentalist movement is not organic, not based on science, and not intended to bring flourishing to the maximum number of people.
It’s been driven by a small number of dedicated elites who want power.
Stay tuned to Right News Wire for more updates to this ongoing story.