Florida Man on Climate
With assets under management approaching $8 trillion, BlackRock is the largest investment firm in the world. It's also one of the corporations leading an effort to align business activities with existential threats such as climate change.
Two years ago, I quoted the firm's CEO, Larry Fink, highlighting BlackRock's leading role in the climate-aware corporate revolution.
Our investment conviction is that sustainability- and climate-integrated portfolios can provide better risk-adjusted returns to investors. And with the impact of sustainability on investment returns increasing, we believe that sustainable investing is the strongest foundation for client portfolios going forward ... to place sustainability at the center of our investment approach
Thirsty with blood lust following their campaign against ... Disney ... DeSantis (soon-to-be presidential candidate) and the Florida whack pack are at it again. The idea of putting resources against the most significant challenge facing the human species is appalling to D & Co., so they are withdrawing state funds from the world's largest investment house.
In announcing his decision, Florida Chief Financial Officer (CFO) Jimmy Patronis went full weirdo.
I need partners within the financial services industry who are as committed to the bottom line as we are – and I don’t trust BlackRock’s ability to deliver.
BlackRock CEO Larry Fink is on a campaign to change the world. In an open letter to CEOs, he’s championed ‘stakeholder capitalism’ and believes that ‘capitalism has the power to shape society.’ To meet this end, the asset management company has leaned heavily into Environmental, Social, and Governance standards – known as ESG – to help police who should, and who should not gain access to capital.
Between D & Co., DT in ML, and Jared Trump in Miami, there is no doubt: Florida is hell.