Capital Research, October/November 2022
In the October/November 2022 issue of “Capital Research,” BlackRock gets the “greenwashing” treatment, and a high school teacher exposes critical race theory in her school. Robert Stilson explores the role…
greenwashing
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…
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…
Ceres Inc.: The ESG Old Guard
In 1989, decades before the abbreviation “ESG” was in common media usage, the nonprofit Ceres Inc. was founded to promote left-leaning climate and economic governance at major investment firms and…
Anheuser-Busch InBev: Lame Leadership on Land Use
A March 2017 CNBC headline showed a royal greenwashing treatment at work for the King of Beers: “Beer giant Anheuser-Busch InBev commits to 100 percent renewable energy.” More green scrubbing…
The Ellen MacArthur Foundation: A Circular Economy Opposed to Conservation
The membership network of the Ellen MacArthur Foundation (EMF) includes more than 200 corporations, governments, funders, and other familiar entities. EMF claims to be dedicated to conservation and protecting the…
RE100: Crusaders Against Atomic Energy
Driving quickly to “zero carbon” requires the energy equivalent of a Corvette. The RE100 folks want to get there with a Trabant, an option so unreliable it is unlikely to…