Climate group suspends activities days after BlackRock quits
A coalition of investment giants turned self-proclaimed climate campaigners appears to be in tatters as it ceased operations on Monday amid a backlash against “woke” capitalism. The Net Zero Asset Managers (NZAM) initiative was rocked last week by the withdrawal of BlackRock, the world's largest investor, as The Post exclusively reported. Larry Fink's firm, which […]
Treasury Pick Scott Bessent to Divest BlackRock Bitcoin ETF Before Trump's Inauguration – Decrypt
With less than a week left until President-elect Donald Trump's inauguration, billionaire hedge fund manager and Treasury Secretary candidate Scott Bessent is investing in a variety of stocks, including shares in the BlackRock Bitcoin ETF (IBIT). Preparations are underway to sell the assets. The sale follows federal ethics guidelines, which require nominees to sell certain […]
FDIC Gives BlackRock New Deadline to Resolve Banking Oversight Questions – PYMNTS.com
asset manager black rock is reportedly facing new deadlines over investments in government-backed banks. of The company missed the Jan. 10 deadline issued by the federal government. Federal Deposit Insurance Corporation (FDIC) and now has until February 10 to resolve issues related to the company's oversight of bank investments.Bloomberg News reported Sunday (January 12), citing […]
Bank regulator gives BlackRock new deadline on bank stakes, Bloomberg reports – Yahoo Finance
(Reuters) – The Federal Deposit Insurance Corporation has given BlackRock a new deadline of Feb. 10 to resolve issues related to its oversight of asset managers' investments in FDIC-regulated banking organizations, Bloomberg News said. reported on Sunday, citing three people familiar with the incident. Case. If sufficient progress is not made toward resolving the issue, […]
BlackRock quits ‘Net Zero’ initiative at perfect time as woke policies contribute to devastating LA fires
BlackRock's timing couldn't have been better. While Los Angeles was being burned to the ground by wokeness, BlackRock was literally breaking away from a corporate consortium of bizarre, self-serving, and futile environmental virtues sponsored by no-nonsense bureaucrats at the United Nations. climate policy. Corporate leaders are getting the memo, but progressives are left to sift […]
BlackRock departs climate investment group
Asset management firm BlackRock is leaving an investment group focused on climate change, the group has confirmed. In an emailed statement to The Hill, a spokesperson for the Net Zero Asset Managers Initiative said: “We are disappointed to see investors withdraw, but as a voluntary initiative, We respect the individual decisions made by the signatories.” […]
BlackRock drops out of progressive ‘Net Zero’ initiative as pressure grows to ditch ‘woke’ groups
BlackRock has officially left the so-called “net zero” coalition of top companies pledging to achieve zero carbon emissions by 2050. This is a major blow to companies' efforts to adopt progressive energy-saving policies, On the Money reported. The investment giant, led by billionaire CEO Larry Fink, said in a letter to clients on Thursday that […]
BlackRock exits Net Zero Alliance as backlash over ESG investing widens
BlackRock, which has long been controversial for its focus on so-called ESG (environmental and social governance) investing, is considering leaving the so-called Net Zero Alliance, a coalition of top companies committed to achieving zero carbon. are. Emissions will be cut by 2050, a Post study found. The investment giant, led by billionaire CEO Larry Fink, […]
BlackRock, State Street, Vanguard sued by GOP states over ESG goals
BlackRock, State Street and Vanguard have been accused by Texas and 10 other Republican-led companies of violating antitrust laws through climate action efforts that have led to a decline in coal production and higher energy prices. He is being sued by the state. Wednesday's complaint, filed in federal court in Tyler, Texas, is one of […]
GOP states sue ESG ‘cartel’: BlackRock, Vanguard, State Street accused of manipulating energy market
A coalition of 11 Republican-led states lawsuit On Wednesday, it accused three asset management companies of violating antitrust laws against BlackRock Inc., Vanguard Group Inc. and State Street Corp. The company's efforts to promote environmental, social and governance standards have led to lower coal production and higher energy prices, according to the complaint. The companies […]