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re: BlackRock suffered $1.6 trillion in losses in 6 months
Posted on 7/23/22 at 11:28 am to NC_Tigah
Posted on 7/23/22 at 11:28 am to NC_Tigah
quote:
I don't know who you think Fink's "master" is, but it's Fink who's behind the scenes pulling puppet strings.
Fink makes his money through government related investment, government pensions and fixed income instruments. He is a highly partisan Democrat. He uses his Democrat government connections to grow his company, then uses his company to force corporate boards and leaders leftward, which shifts alignment, finance, and support to Dems.
He was one of the first behind-the-scenes pushers of ESG and SRI.
E.g., IIRC Fink was the power behind a recent Exxon board shift. He forced 3 "green" activists onto the XOM board. It changed XOM strategic planning overnight. XOM went from a corporate plan for 20% more oil production to 20% less in the same timeframe. The focus instead was on targeting alt-green energy production.
Fink is right up there with Soros in terms of pushing the country left.
This explains alot. On google finance I recently noticed that Tesla had a lower ESG score than Exxon.
One company makes, pioneered really, modern electric cars that are selling like hot cakes.
The other company literally provides evil fossil fuels for the purpose of burning into the atmosphere and making non-biodegradable plastics, and it had the higher ESG score. That's when I knew for a fact that ESG is a load of political horse shite.
ETA- even Southern Company has a higher score than Tesla, and they literally burn coal for a living.
This post was edited on 7/23/22 at 11:33 am
Posted on 7/23/22 at 11:58 am to deeprig9
quote:Exactly.
On google finance I recently noticed that Tesla had a lower ESG score than Exxon.
Posted on 7/23/22 at 12:32 pm to deeprig9
quote:
ETA- even Southern Company has a higher score than Tesla, and they literally burn coal for a living.
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