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Tag Archives: BlackROck
When Being “Smart” Is Incredibly Stupid (Unless you want Control)
21 ‘Smart Cities’ Confirmed in the Planned Fall of American Cities
Smart Cities claim that the use of technology and the Internet of Things (IoT) are solutions to improve everything from critical infrastructure and public safety to efficiencies in city energy use. 21 Cities across the US have just signed on to be so-called Smart Cities. They include New York, Los Angeles, San Francisco, San Jose, San Diego, Austin, Seattle, Atlanta, Washington, DC, Dallas, Portland, Chicago, Charlotte, Las Vegas, Boston, Philadelphia, Pittsburgh, Louisville, Boulder, Denver and Columbus.
The chosen cities are being intentionally crashed so that certain mega-conglomerates like BlackRock can pick up the real estate for pennies on the dollar. People will demand a solution to crime and degradation, which will be technology, AI and automation. China is the model for a technocratic dictatorship. John WIlliams gives the timeline for implementation and says that in the next 24 to 36 months these cities will make huge changes.Bac
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from: https://needtoknow.news/2024/05/21-smart-cities-confirmed-in-the-planned-fall-of-american-cities/
Rockin’ BlackRock’s World in Tennessee
Tennessee sues BlackRock investment agency, claims it misled customers in climate change initiatives
Story by Camruinn Morgan-Rumsey •
Stock photo© PIxabay
KNOXVILLE, Tenn. (WVLT) – Tennessee Attorney General Jonathan Skrmetti filed a lawsuit against BlackRock Inc. Monday, claiming the investment company misled Tennessee customers about how it’s fighting climate change, violating consumer protection laws.
BlackRock joined the Net Zero Asset Managers Initiative in 2021 and Climate Action 100+ in 2020. As part of joining those groups, the state said, BlackRock made promises aimed at fighting climate change and did not make that clear to customers.
Skrmetti said that BlackRock presents itself to customers as strictly profit-driven, but has also made promises to invest in fighting climate change through its memberships with the climate initiatives. This misled customers because BlackRock made business decisions based on fighting climate change, not making customers money, according to the attorney general.
“We allege that BlackRock’s inconsistent statements about its investment strategies deprived consumers of the ability to make an informed choice,” Skrmetti said in a statement. “Some public statements show a company that focuses exclusively on return on investment, others show a company that gives special consideration to environmental factors. Ultimately, I want to make certain that corporations, no matter their size, treat Tennessee consumers fairly and honestly.”
BlackRock directly contested Skrmetti’s claims in a statement given to WVLT News, instead saying that it does disclose its practices to customers.
We reject the Attorney General’s claims and will vigorously contest any accusations that BlackRock violated Tennessee’s consumer protection laws. Contrary to the Attorney General’s claims, BlackRock fully and accurately discloses our investment practices and our approach to proxy voting.
On behalf of our clients, BlackRock has invested approximately $40 billion in Tennessee, and we are helping more than 600,000 hard-working Tennesseans retire with dignity. We are proud of our contribution and committed to the future in Tennessee.
BlackRock
It’s worth noting that BlackRock’s participation in both groups was announced publicly by either the groups or the company itself when they signed two and three years ago.
In BlackRock’s Jan. 6, 2020 statement on joining Climate Action 100+, the investment agency said it would, among other things, work with companies it invests in to make sure they are disclosing the environmental impacts of their practices. In that statement, BlackRock also acknowledged that its primary duty is to shareholders and customers, saying “BlackRock owes fiduciary and contractual duties to its clients.”
: TN’s Attorney General files lawsuit against Wall Street giant BlackRock (WTVF Nashville, TN)
A similar statement on BlackRock joining the Net Zero Asset Managers Initiative is also publicly available.
However, the state has claimed that BlackRock’s customer disclosures don’t mention the climate goals, saying “BlackRock has told consumers elsewhere that the only consideration driving its investment decisions is return on investment.”
In the lawsuit, the state summarizes by saying BlackRock is inconsistent in how it presents itself to customers; on one hand, claiming to be only profit-driven, but on the other, making promises to help fight climate change. The state is asking for injunctive relief, civil penalties and recoupment of the state’s costs.
Pr23 59 Complaint by WVLT News on Scribd
from: https://www.msn.com/en-us/money/companies/tennessee-sues-blackrock-investment-agency-claims-it-misled-customers-in-climate-change-initiatives/ar-AA1lJRDB
The Price of A Senator
Censored: BlackRock Employee Says “You Got 10K? You Can Buy a Senator”
O’Keefe Media Group (OMG) is behind the latest hidden camera sting that recorded Serge Varlay, a recruiter for Blackrock that has $9.5 trillion of assets under management, saying that banks and hedge funds like BlackRock, “run the world” and can buy politicians like senators and even the president of the United States. Varlay, on the topic of the Russia-Ukraine war, said that “we don’t want the conflict to end” because the war helps BlackRock, which is currently investing in Ukraine, make money. He gave an example of destroying grain silos in Ukraine that would cause shortages and a profit can be made by investing in other wheat suppliers. He said that “it’s exciting when shit goes wrong. Right?” Varlay admitted that the mainstream news is propaganda and that pundits like Jim Cramer give false information that should be ignored. He recommended a stock tracker that follows politicians and to follow their trades.The video, released on Twitter, has been seen nearly 10 million times and has received over 100,000 likes. But despite its popularity, search engines like Google appear to be suppressing its reach. According to Yahoo Finance, BlackRock is the second-largest institutional shareholder of Google (Alphabet Inc.), owning nearly 366,000,000 shares valued at $44.5 billion.
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Just the News: https://justthenews.com/accountability/james-okeefe-responds-after-blackrock-bombshell-seemingly-suppressed-google
from: https://needtoknow.news/2023/06/censored-blackrock-employee-says-you-got-10k-you-can-buy-a-senator/
BlackBalling BlackRock
Republicans Withdraw $1 Billion From BlackRock Due To Its ESG Policies
Multiple U.S. states governed by Republicans are withdrawing state funds from BlackRock’s management, as they disapprove of the ESG investment policies of the world’s top asset manager, the Financial Times reports.
In recent weeks, Louisiana, South Carolina, Utah, and Arkansas have announced they would divest funds from BlackRock totaling more than $1 billion.
Last week, Louisiana State Treasurer John Schroder announced in a letter to BlackRock’s CEO Larry Fink that he would divest all Treasury funds from BlackRock. Louisiana has removed $560 million to date and will pull out a total of $794 million by year’s end, Schroder noted.
“This divestment is necessary to protect Louisiana from mandates BlackRock has called for that would cripple our critical energy sector,” said Schroder. “I refuse to spend a penny of Treasury funds with a company that will take food off tables, money out of pockets and jobs away from hardworking Louisianans.”
South Carolina will pull $200 million from BlackRock by the end of the year, State Treasurer Curtis Loftis told FT in an interview.
For months now, Republican states have said they would not do business anymore with asset managers who have ESG-aligned investment policies, which, the states say, show that those financial firms are boycotting the oil and gas industry.
Texas, the largest oil-producing state in America, is leading the campaign against this movement. The Lone Star State published in August a list of financial firms that could be banned from doing business with Texas, its state pension funds, and local governments.
Texas and other Republican-led oil and gas states see the ESG investment trend as an implicit attack on fossil fuels and a boycott of conventional energy resources, the revenues from which make up a large portion of state budgets in the oil, gas, and coal country.
In early August, the Attorney Generals of 19 states—including Texas, West Virginia, Louisiana, Montana, Oklahoma, Idaho, and Ohio—sent a letter to BlackRock’s CEO Larry Fink expressing concerns with the asset manager’s commitment to net-zero emissions across all its assets.
“Rather than being a spectator betting on the game, BlackRock appears to have put on a quarterback jersey and actively taken the field,” the attorney generals wrote.
By Tsvetana Paraskova for Oilprice.com
from: https://oilprice.com/Latest-Energy-News/World-News/Republicans-Withdraw-1-Billion-From-BlackRock-Due-To-Its-ESG-Policies.html