ESG, Larry Fink, and Other Peoples’ Money

This op-ed by NLPC Chairman Peter Flaherty appears today on Real Clear Markets: Last week, Exxon Mobil, one of the world’s largest publicly traded international oil and gas companies, lost a critical board fight with Engine No.1, a “woke” small investor group. The win was predictably spun by the mainstream media as a David vs. […]

As China is Called Out Over Genocide, BlackRock Sees a Business Opportunity

At a time when many nations in the West — including the United States — are condemning China for human rights abuses and genocide against the Muslim Uyghurs, investment firm BlackRock and CEO Larry Fink are doubling down on their business partnership with the communist government. From Pensions & Investments: Bing Ji was named general […]

Now BlackRock CEO Fink Wants to Tell Georgia How to Run Elections

Not content to throw his weight around to transform the entire energy industry, Larry Fink has now turned his attention to altering the political system. The CEO of top finance firm BlackRock, which reportedly controls more than $9 trillion in assets, has developed a reputation for progressive agenda pressure tactics against the companies they invest in – most […]

BlackRock’s Fink is a Bully, Except When It Comes to China

Larry Fink’s letter to CEOs, released in late January, is so 2021 – demanding fealty to a progressive agenda under threat of being ostracized and/or canceled. Since 2018, the BlackRock chairman’s missive has become an eagerly anticipated annual pontification for Wall Street elitists and political progressives. The lifelong Democrat – who once received a “corporate citizenship” award named for Democrat racist President Woodrow Wilson – now […]

Will BlackRock Thwart Progress on China Human Rights?

BlackRock, the world’s biggest money manager, has successfully placed executives from its own ranks in key positions on President Joe Biden’s economic team. Considering the firm’s clear emphasis on progressive policies in investment decisions – called Environmental, Social, and Governance (ESG) – it doesn’t surprise that its alumni would be among the economic decision-makers at […]

BlackRock Pushes Left Wing Politics; Ignores China

CEO Larry Fink is escalating his leftist political agenda influence, exerted through his mega-investment firm BlackRock, to outright intimidation. It began gently almost three years ago, with Fink urging several corporate CEOs in a letter to make “a positive contribution to society” beyond generating profit for shareholders, to “serve a social purpose.” The initiatives pressed most urgently addressed […]

Larry Fink’s Appeasement of Climate Activists is Failing

For all the boasts and claims that BlackRock CEO Larry Fink has made in recent years about the need for corporate “accountability” with regard to environmental, social, and governance (ESG) priorities, and that they are a better long-term investment prospect, he has consistently fallen short in the eyes of experts who evaluate those things. First there was the academic […]

American Universities Urged to Divest From China

In another broadside against the People’s Republic of China, a top official in President Trump’s State Department last month urged American universities to divest their endowments from Chinese-owned corporations; to closely monitor or shut down on-campus activities that promote Chinese propaganda; and to protect research centers from Chinese theft of intellectual property. This followed the President’s attacks […]

Study Debunks BlackRock Claims that ESG Funds Did Better During COVID

So-called environmental, social and governance (ESG) priorities, as applied to investment principles, have seen a massive influx of cash during the COVID-19 pandemic – so much so that influential financial firm leaders have celebrated them as better performers than normal “make-a-profit” funds. But is that really true? Mega-firm BlackRock and CEO Larry Fink have called greater attention […]

Chinese Companies Get Scrutiny— But Not From BlackRock

Pressure continues to increase on Chinese corporations that are listed on American stock exchanges, to provide greater transparency about their ownership and operations. Following the U.S. Senate’s passage (by unanimous consent) in May of the Holding Foreign Companies Accountable Act, a special panel of top government financial regulators issued a report last week that also called for tougher […]

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