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BlackRock investments promotes the ESG — Environmental, Social, Government — system that limits how banks lend money. For example, ESG-compliant banks will not lend money to the oil and gas business. What is the ultimate goal of the ESG system? BlackRock CEO Larry Fink says the purpose of ESG is "to force behaviors and at Blackrock we are forcing behaviors".
This episode is also available as a blog post: http://john-n-white.com/2022/12/30/my-letter-to-congressman-pat-fallon-investigate-blackrocks-esg-system/
By John N. White5
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BlackRock investments promotes the ESG — Environmental, Social, Government — system that limits how banks lend money. For example, ESG-compliant banks will not lend money to the oil and gas business. What is the ultimate goal of the ESG system? BlackRock CEO Larry Fink says the purpose of ESG is "to force behaviors and at Blackrock we are forcing behaviors".
This episode is also available as a blog post: http://john-n-white.com/2022/12/30/my-letter-to-congressman-pat-fallon-investigate-blackrocks-esg-system/