BlackRock: Nonprofit Allies
Depending on your appetite for cynicism, greenwashing is either the mortal enemy or the duplicitous ally of the environmental, social, and corporate governance (ESG) movement. ESG was created by activists…
ExxonMobil
BlackRock: Policy or Posturing?
In May 2021, with BlackRock's support Engine No. 1, a tiny hedge fund few had then heard of, won three seats on the 12-member board of Exxon. These new board…
BlackRock: Drill, Baby, Drill!
In July 2022, BlackRock reported "a sharp drop in its support for environmental and social-related shareholder resolutions." Context is important. That same month BlackRock announced that it had lost $1.7…
A Carbon Tax Will Make for an Even Darker Winter
Senate Democrats are considering a tax on carbon as part of their multi-trillion-dollar spending package. Two holdouts, Sen. Joe Manchin (D-WV) and Sen. Jon Tester (D-MT), have announced their opposition…
Bipartisan Infrastructure Bill Promises More Wind and Solar—Hope You Like Buying Chinese
Count China among the biggest winners if the gargantuan $1.2 trillion infrastructure bill, if it passes Congress. The bill would allocate $148 billion to climate- and energy-related priorities intended to…
The Climate Change Oligarchy
I’ve noted in the past how environmentalists have decided the best way to prove they are right is to call for bans on those who disagree with them.