How Blackrock’s Larry Fink Created the Global Energy Crisis
November 21st, 2022Via: F. William Engdahl:
With that fateful January 2020 CEO letter, Larry Fink set in motion a colossal disinvestment in the trillion-dollar global oil and gas sector. Notably, that same year BlackRock’s Fink was named to the Board of Trustees of Klaus Schwab’s dystopian World Economic Forum, the corporate and political nexus of the Zero Carbon UN Agenda 2030. In June 2019, the World Economic Forum and the United Nations signed a strategic partnership framework to accelerate the implementation of the 2030 Agenda. WEF has a Strategic Intelligence platform which includes Agenda 2030’s 17 Sustainable Development Goals.
In his 2021 CEO letter, Fink doubled down on the attack on oil, gas and coal. “Given how central the energy transition will be to every company’s growth prospects, we are asking companies to disclose a plan for how their business model will be compatible with a net zero economy,” Fink wrote. Another BlackRock officer told a recent energy conference, “where BlackRock goes, others will follow.”
In just two years, by 2022 an estimated $1 trillion has exited investment in oil and gas exploration and development globally. Oil extraction is an expensive business and cut-off of external investment by BlackRock and other Wall Street investors spells the slow death of the industry.
Given that this “world’s largest investment fund” was an early investor in FTX, wonder if their due diligence was bolstered up with the idea that SBF’s professor parents were both “compliance lawyers”, according to Kevin O’Leary?
https://twitter.com/The_Real_Fly/status/1591222698012729345
Is Bahamian corporate law actually loose enough to allow the FTX-funded democrats to give him a golden parachute?