US House Judiciary Committee: Investigate Private Finance State Capture by the CCP Aided by BlackRock

Editor's note: BlackRock is alleged to be pressuring ExxonMobil, Chevron and other oil cartels to effectively drill for less oil. Production has to be dropped to meet net zero output by 2050. Oil projects as a consequence are being dropped and this has led to PetroChina buying up some of these projects. It turns out one of the largest shareholders of PetroChina is BlackRock. This is what is driving BlackRock's ESG goals - only for western oil firms but not in China. BlackRock was the first financial terrorist company to sell mutual funds in China. This story was sourced from: Hall of Fame Clip of Vivek Ramaswamy. What did BlackRock's Larry Fink say? He said, "Markets don't like uncertainty, markets like totalitarian governments."
________

Source: Armstrong Economics

BlackRock and State Street Subpoenaed over ESG Goals

December 19, 2023 | By Martin Armstrong

The House Judiciary Committee has issued subpoenas to BlackRock and State Street as part of an investigation into the firms' promotion of environmental, social, and governance (ESG) goals. The committee's probe is focused on whether these efforts violate antitrust laws. The companies were initially asked to provide documents on the subject, but the committee deemed their compliance "inadequate," leading to the issuance of subpoenas. This investigation is part of a broader House GOP effort to scrutinize investing practices related to ESG goals.

ESG ratings have merely been a ploy to force companies to adhere to the Build Back Better agenda by adhering to climate goals. The CEI (Corporate Equality Index) was created by the HRC (Human Rights Campaign), a massive international political lobbying group that pushes the woke agenda aggressively and is funded by Soros. The CEI judges a company's woke rating while the ESG encompasses everything.

The first bill that President Joe Biden vetoed was intended to dissolve the ESG climate social credit score. The bill passed 50-46 in the Senate before being destroyed by Biden. Out of all the issues facing America, Biden chose to use his presidential powers to kill this bill. BlackRock CEO Larry Fink naturally supported Biden's veto. GOP donors held a conference in March in which they asked the panel: "Who's more important: shareholders or stakeholders?" Is the 'stakeholder capitalism' being sold by Larry Fink and other investors really stakeholder politics?" They also accused Vanguard and State Street of meddling in politics on behalf of the far left. Fink responded to critics by claiming BlackRock was not the "environmental police."

Please go to Armstrong Economics to continue reading.

________

Related:

Tennessee Slaps BlackRock With First-Of-Its-Kind Consumer Protection Lawsuit Over ESG Sham