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Biden Regime Radical Climate War on Fuel. Blackrock & Vanguard Attempting to Force (ESG) Standards for Great Reset Cult of Climate Change. Republicans Begin to Fight Back

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Biden Regime Radical Climate War on Fuel. Blackrock & Vanguard Attempting to Force (ESG) Standards for Great Reset Cult of Climate Change

Republicans Begin to Fight Back

 

Republican state officials are readying plans to punish woke banks which push anti-fossil fuel policies and adhere to so-called environmental, social and governance (ESG) standards.


WOKE BANKS AND FUND MANAGERS HAVE WEAPONIZED CAPITAL INVESTMENT BY PUSHING UN AGENDA 2030 CULT OF CLIMATE CHANGE

Republican states are planning an all-out assault on woke banks: ‘We won’t do business with you’

‘We’re not going to pay for our own destruction,’ West Virginia State Treasurer Riley Moore tells FOX Business

FoxNews: West Virginia treasurer slams banks standing against coal: ‘This is what powers the country’

The War Against You

Aug. 01, 2022 – 2:59 – West Virginia Treasurer Riley Moore (R) discusses his state’s action to fight financial firms who are refusing to back coal companies

BLACKROCK TAKES FLACK FOR BLOCKING FUEL INDUSTRY AND INVESTING IN CCP

The War Against You

LARRY FINK’S BLACKROCK TO BENEFIT FROM GOVERNMENT (ESG) CORPORATE CARBON FOOTPRINT SOCIAL CREDIT RATING SYSTEM PUSH

BlackRock nearly tripled its ESG offerings in the past year

Larry Kudlow Blasts Biden’s War Against Fossil Fuels

Biden Regime Radical Climate Change Policies and War on Fuel Force Opposition to Green Hoax Attack on Economy

The War Against You

Radical Climate Activism and Big Government Socialism.

BIDEN ADMIN CLIMATE HOAX POLICIES ARE ALREADY COSTING 2 TRILLION PER YEAR, EQUAL TO 1 % OF GDP

Supreme Court has Ruled Executive Orders Can’t Create New Sweeping Laws, Especially When Effecting Entire Industries

Glen Beck: Great Reset Corporate Climate Scam

How BlackRock uses YOUR MONEY to push ESG & far-left plans  Jul 20, 2022

BlackRock — the largest asset manager in the WORLD — lost an unprecedented 17 BILLION DOLLARS over the last 6 months. BlackRock’s losses are in part due to the overall market downturn, Vivek Ramaswamy tells Glenn. BUT the policies BlackRock continues to push, like ESG, are responsible for today’s struggling market. Ramaswamy, author of ‘Nation of Victims,’ describes just how toxic ESG policies are to America, to our economy, and most recently, to energy companies and oil supplies around the WORLD. And, thanks to BlackRock, it’s only getting worse. Plus, he explains how YOUR money could be helping BlackRock push ESG and other far-left initiatives and plans

West Virginia bans 5 banks from doing business in the State over coalu  July 28, 2022

West Virginia boycotts 5 banks that are against fossil fuels
The state of West Virginia has named five banks to its first-ever Restricted Financial Institution List due to a “conflict of interest” over coal policy

West Virginia announced last week it would bar five major financial institutions, including BlackRock, Goldman Sachs and JPMorgan, from entering into banking contracts with the state treasurer’s office or any state agency. Each of the five corporations had committed to policies limiting commercial engagement with the fossil fuel industry, which paid a whopping $769 million in taxes to West Virginia’s state government.

“We’re not going to pay for our own destruction, we’re not going to subsidize that,” West Virginia State Treasurer Riley Moore told FOX Business during an interview. “They have weaponized our tax dollars against the very people and industry that have generated them to begin with. That is why we’re pushing back against this ESG movement.”

He noted that U.S. Bancorp backed off its prohibition of fossil fuel lending and was, as a result, kept off the state’s restricted list of financial institutions.

Moore’s action, a first-of-its-kind response to major banks’ ESG push, is likely to be the start of many similar actions nationwide. At least 15 Republican-led states, which collectively manage tens of billions of dollars in public funds, have proposed laws or policies that would similarly punish anti-fossil fuel banks over the last year, according to a FOX Business analysis.

We’ve really seen, frankly, a weaponization of capital by some of the largest banks and fund managers in the world,” Derek Kreifels, the CEO of the State Financial Officers Foundation (SFOF), told FOX Business. “If you want to make social change in this country, we have a democratic process that you should utilize to get that done.”

The SFOF has assembled a “NATO-like alliance” of state treasurers and financial officers who are committed to forwarding free market policies, Kreifels added. The group and its members have focused in particular on ESG issues in recent months, confronting the federal government, banks and S&P Global, a credit rating agency that assigns ESG scores.

A dozen state financial officers contacted by FOX Business applauded West Virginia’s restriction of banks and confirmed they were crafting their own response to “woke banks.”

The agency is continuing to work through the information we have received back from the companies we contacted for more information as well as finalizing our process for identifying suitable candidates for the Texas list,” a spokesperson for Texas Comptroller Glenn Hegar said in an email.

Hegar is assembling a list like West Virginia’s in accordance with a bill the Texas legislature passed last year. As part of the effort, Hegar sent letters to 19 financial institutions in March asking for clarification on their fossil fuel investment policies. 

In addition to Texas, state financial officers in Kentucky, Oklahoma, Florida, South Carolina, Arizona, Louisiana, Idaho, Utah, Wyoming, Arkansas and North Dakota said they would take or consider action against banks that boycott energy companies. Kentucky and Oklahoma, like Texas, are compiling lists as required by recently passed state laws.

REPUBLICAN LAWMAKER AIMS TO FORCE DEM STATES TO ALLOW FRACKING: ‘THREATENING AMERICA’S ENERGY INDEPENDENCE’

“We hope we have sent the message that if you won’t do business with Kentucky, we won’t do business with you,” the spokesperson added

Oklahoma State Treasurer Randy McDaniel’s office, meanwhile, is researching best practices from states with similar laws before moving forward, a spokesperson said. The Oklahoma legislature passed the Energy Discrimination Elimination Act, requiring McDaniel to create and maintain a list of financial companies that boycott energy companies, but the law won’t go into effect until November. 

“For years now, the cult of ESG economic activists has been working overtime to infuse unwanted, woke ideology into the American economic system because they know their social policies wouldn’t pass the sniff test from voters,” Florida Chief Financial Officer Jimmy Patronis said July 27. “It’s anti-American, anti-freedom, a deliberate attempt to subvert our democracy and not in the best interest of Florida businesses, retirees, or investors.”

West Virginia Treasurer Slams Woke Banks Boycott of Fuel/Coal Industry for Carbon Footprint Credit Score

West Virginia treasurer slams banks standing against coal: ‘This is what powers the country’
Aug. 01, 2022 – 2:59 – West Virginia Treasurer Riley Moore (R) discusses his state’s action to fight financial firms who are refusing to back coal companies

ELON MUSK, MARC ANDREESSEN MOCK ESG INVESTING

 

Larry Kudlow: The Biden regulatory state has clogged the arteries of our dynamic free market economy

Larry Kudlow blasts Biden’s war against fossil fuels

https://www.foxbusiness.com/media/larry-kudlow-biden-regulatory-state-clogged-arteries-dynamic-free-market-economy
What I will say is that the Biden regulatory state has clogged the arteries of our dynamic free market economy. We need to stop big government socialism. We’re going to need blood thinners in order to re-oxygenate the blood vessels of our economy.  

Economists estimate that federal regulations now impose an economic cost of $2 trillion each year. These regulations could subtract almost one full percentage point from our GDP each year.  

Last night, we talked about the relationship of radical climate activism and big government socialism. I equate the two, meaning that the Biden administration’s radical climate policies have used the big government regulatory state to implement their insane war against fossil fuels

Steve Forbes, who will be on in a little while, has called it “modern socialism” through the regulatory state.   

Now, the recent Supreme Court decision in West Virginia v. EPA may put a big dent in the Biden regulatory state, because major economy-wide decisions, according to the court, cannot be accomplished through executive orders or regulators without clear statutory legislation from Congress, but the insanity of the Biden regulatory war against fossil fuels with resulting sky-rocketing energy prices, the breakdown of the electricity grid, the shrinking baseload power, reliance on unreliable renewables, near $5 gas prices, and all the rest is not the only regulatory war the Bidens have been waging.    

Their regulatory interference with the free-market economy and business is unparalleled. According to a recent economic report based on statistics from TheRightFacts, the Biden administration has implemented more major regulations — those with at least $100 million in annual economic impact — in its first year than under any president in American history.   

This should give everyone a pretty good flavor of Joe Biden’s war against business in general, not just fossil fuels.   

His agencies like the FTC are going after big oil, or the Agriculture Department going after meatpackers, or the Federal Maritime Commission going after large shipping companies, or the FTC again going after big retailers and they have all come up with nothing. No price gouging, no monopolization, no nothing.  

In fact, remember all those evil gas station owners deliberately keeping prices too high? Well, I guess they just relented, because gas prices just fell 50 cents and the Bidens jumped ship from blaming Putin and are now crowing about the half-dollar drop in gasoline prices. Whoops! They forgot to praise the gas station owners for the big price drop. It’s a terrible oversight.   
Now, tomorrow we’re told President Biden is going to launch another executive order regulatory jihad against big oil. We’ll see what he comes up with, but the Supremes just told him, “You can’t do that anymore.” Maybe he doesn’t know about that decision?  
 

Larry Fink’s BlackRock to benefit from government ESG Carbon Footprint Social Credit Score Climate Change Hoax push

BlackRock nearly tripled its ESG offerings in the past year

LARRY FINK’S BLACKROCK TO BENEFIT FROM GOVERNMENT ESG PUSH

BLACKROCK TAKES FLACK FOR BLOCKING FUEL INDUSTRY AND INVESTING IN CCP

LARRY FINK’S BLACKROCK TO BENEFIT FROM GOVERNMENT ESG PUSH

https://www.foxbusiness.com/financials/larry-finks-blackrock-benefit-esg

FORMER BLACKROCK EXECUTIVE NOW A CRONY IN BIDEN ADMIN

And there are More Blackrock Cronies in Bidens Cabinet.

This is especially troubling that such an Evil Globalist Mega has Direct Control over Government Policy.

And Blackrock may be the Key to Forcing the Corporate Credit Score (ESG) System

Larry Fink’s BlackRock to benefit from government ESG Carbon Footprint Social Credit Score Climate Change Hoax push

BlackRock nearly tripled its ESG offerings in the past year

BlackRock has been forging a new path into so-called Environmental Social Governance, or ESG investing, nearly tripling its ESG offerings in the past year. The company now offers more than 150 mutual funds and exchange traded funds (ETF) that adhere to ESG standards – more than any other firm on Wall Street – and manages more than $400 billion in ESG client money.

ESG is a measure of a company’s adherence to social and environmental factors. Socially conscious investors, such as BlackRock, use the ESG criteria to screen for potential investments. 

A newly proposed rule by the Labor Department that could force U.S. companies to offer ESG funds into their employees’ 401K plans has promising implications for BlackRock. If the rule were to pass, workers and businesses would become more heavily involved in ESG investing and BlackRock as the industry leader for ESG ETFs would profit.

What’s more, investing in ESG funds, including BlackRock’s exchange traded funds, carry management fees as much as 40% higher than regular ETFs.

Investors have recognized that BlackRock’s big ESG push, one of the top priorities of its CEO Larry Fink, will add to its bottom line. Fink has warned companies that BlackRock invests in to either adopt ESG standards or face pressure from the big money manager in so-called proxy battles where investors vote on corporate governance matters.

As more companies have been bending to ESG edicts, shares of BlackRock have risen 55% over the past year, compared to a 39% increase in the Standard & Poor’s index.

FORMER BLACKROCK EXECUTIVE NOW A CRONY IN BIDEN ADMIN.

The likelihood of the 401K rule passing is unclear, but BlackRock has close ties within the Biden administration and that could help push the move through the necessary channels. 

Brian Deese, Biden’s national economic council chief, was formerly global head of sustainable investing at BlackRock. Deese also has as much as $100,000 in each of seven BlackRock ETFs and in 2020 received a $2.3 million salary from the company and earned a further $2.4 million from his vested restricted shares in the company.

Deese also has a 401K account with BlackRock, according to his financial disclosures that were updated in March of 2021. 

Wally Adeyemo holds the position of deputy Treasury Secretary but was Fink’s chief of staff and a senior adviser at the firm before joining the administration. Adeyemo holds between $250,000 and $500,000 worth of company stock according to his 2020 financial disclosures and his close ties to Fink and the company could help title the scales in favor ESG implementation, lobbyists tell FOX Business.

Other BlackRock alum serving in the Biden administration is Michael Pyle, BlackRock’s former global chief investment strategist who is now serving as chief economic adviser to Vice President Kamala Harris. Pyle also worked in the Obama administration as a special assistant to the president on economic policy matters.

Tom Donilon is chairman of the BlackRock Investment Institute and held previous positions in the Obama, Clinton and Carter administrations. His brother, Mike Donilon, is Biden’s senior adviser and was also the chief strategist on his campaign.
 

How BlackRock uses YOUR MONEY to push ESG & far-left plans

Posted on July 20, 2022

BlackRock — the largest asset manager in the WORLD — lost an unprecedented 17 BILLION DOLLARS over the last 6 months. BlackRock’s losses are in part due to the overall market downturn, Vivek Ramaswamy tells Glenn. BUT the policies BlackRock continues to push, like ESG, are responsible for today’s struggling market. Ramaswamy, author of ‘Nation of Victims,’ describes just how toxic ESG policies are to America, to our economy, and most recently, to energy companies and oil supplies around the WORLD. And, thanks to BlackRock, it’s only getting worse. Plus, he explains how YOUR money could be helping BlackRock push ESG and other far-left initiatives and plans

 

Why Corporate Environmental, Social, and Governance Enforcement Is Self-Reinforcing Scam

https://www.dailysignal.com/2022/06/08/why-corporate-environmental-social-and-governance-enforcement-is-self-reinforcing-scam/

 the left tries to impose its policy visions on others, often the only winning move is not to play its game.

But when it comes to “ESG,” bureaucrats and billionaires have figured out how to force the rest of us to play along.

ESG, which stands for environmental, social, and governance, is a nebulous phrase that means, in effect, that a company is guided not merely by the goal of serving the public through offering goods and services its customers need, but by left-wing social causes, too.

Investment firms that are guided by ESG will, for example, refuse to invest in or do business with the fossil fuel sector even if doing so would benefit their shareholders or investors. Other ESG-guided entities push for left-wing priorities, such as “civil rights audits”—code for more focus on racial equity—even if that isn’t good for the bottom line.

Gov. DeSantis Declares War on Environmental, Social, and Governance Investing Scam

Chris Talgo | Jul 29, 2022 

 

https://townhall.com/columnists/christalgo/2022/07/29/gov-desantis-declares-war-on-environmental-social-and-governance-investing-scam-n2610947

On July 27, Florida Gov. Ron DeSantis lobbed a broadside attack on the latest woke investment scheme that has become all the rage among Wall Street elites and C-Suite executives: environmental, social, and governance investing.

Specifically, DeSantis announced that he will seek to enact “legislative proposals and administrative actions to protect Floridians from the environmental, social, and corporate governance (ESG) movement which threatens the vitality of the American economy and Americans’ economic freedom by targeting disfavored individuals and industries to advance a woke ideological agenda.”

According to DeSantis, “The leveraging of corporate power to impose an ideological agenda on society represents an alarming trend.”

 

VANGUARD PUSHES CULT OF CLIMATE CHANGE AGENDA THROUGH INVESTMENTS

Vanguard’s new ‘impact fund’ targets social and environmental change, not just financial performance

Debbie Carlson - Jul 23

https://www.marketwatch.com/story/vanguard-adds-an-impact-fund-that-targets-social-and-environmental-change-11658150279?siteid=msnheadlines

SUSTAINABLE INVESTING

Vanguard released its sixth environmental, social and governance fund Monday, joining with U.K. investing firm Baillie Gifford to launch an actively managed, global equity fund that invests in companies the managers believe will produce a positive social change.

Related video: Saporu: To stay defensive, invest in the energy and healthcare sectors (CNBC)

 

 

 



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