climate change

BlackRock’s Fink is a Bully, Except When It Comes to China

Posted on by Paul Chesser
Larry Fink/IMAGE: YouTube

Larry Fink’s letter to CEOs, released in late January, is so 2021 – demanding fealty to a progressive agenda under threat of being ostracized and/or canceled.

Since 2018, the BlackRock chairman’s missive has become an eagerly anticipated annual pontification for Wall Street elitists and political progressives. The lifelong Democrat – who once received a “corporate citizenship” award named for Democrat racist President Woodrow Wilson – now has a new Democrat U.S. President installed that he can work with. Indeed, BlackRock alumni are populating the economic team within the Biden administration.

As the president and his allies in the newly Democrat-controlled Congress eagerly start to impose their new power on the corporate world – the stoppage of the Keystone XL pipeline construction is just the first job-killing step – they will need allies to coerce compliance under threat of economic pain.

Fink appears to be … Read More ➡

After Censoring Conservatives, Zuckerberg Cozies Up to Biden

Posted on by Paul Chesser
Mark Zuckerberg

Free (he thinks) from a Trump administration that constantly harps on his company’s censorship of conservatives, CEO Mark Zuckerberg reportedly plans to promote progressive agenda items on Facebook in order to ingratiate himself with an expected President Joe Biden.

Not exactly the favorite social media platform of liberals – who think Facebook has granted President Donald Trump and his supporters too much liberty on the site to spread “misinformation,” “hate speech” and non-“expert” (think Anthony Fauci) opinions – Zuckerberg feels he has some making up to do with the Democrats he expects to be in power starting in 2021.

While not considered the threat that is Massachusetts Sen. Elizabeth Warren, who is known for her advocacy to “break up Big Tech,” Biden still isn’t happy with Facebook. He criticized the platform because it refused to fact-check political advertisements, and earlier this year called for the … Read More ➡

Larry Fink’s Appeasement of Climate Activists is Failing

Posted on by Paul Chesser
Larry Fink/IMAGE: YouTube

For all the boasts and claims that BlackRock CEO Larry Fink has made in recent years about the need for corporate “accountability” with regard to environmental, social, and governance (ESG) priorities, and that they are a better long-term investment prospect, he has consistently fallen short in the eyes of experts who evaluate those things.

First there was the academic study released in August that found that despite claims to the contrary by major financial firms – including BlackRock – that ESG factors did notinoculate investors against the stock market downturn that was attributed to the COVID crash of the global economy, nor did sustainability priorities aid in the subsequent limited recovery.

And now it turns out that one of BlackRock’s non-profiting investment priorities ballyhooed by Fink – climate change – is not all he cracks it up to be.

A report released last month by … Read More ➡

Bezos Throws Billion$ at Climate Extortionists

Posted on by Paul Chesser
Amazon CEO Jeff Bezos

At the moment, can you think of a bigger man-child multi-billionaire than Amazon founder and CEO Jeff Bezos?

His behavior speaks of someone who was handed a massive inheritance and did nothing to earn it, rather than the from-the-bootstraps tech entrepreneur that he actually is.

His billions (as the world’s wealthiest man, according to Forbes) and his ascent to notoriety appear to have driven him to obsess over his image, but rather than actually conduct himself like a responsible grown-up, he would rather throw money around in futile attempts to come off as more responsible and mature than he is.

For example, consider his recent announcement that he will dedicate $10 billion of his personal wealth to “fight climate change.” It’s hard to imagine a business that belches more carbon dioxide into the atmosphere than the deliver-everywhere, mega-cloud-computing Amazon. Between package transport vehicles (oil) and massive … Read More ➡

Will Big Banks Cave to Climate Activists?

Posted on by Paul Chesser

PHOTO: fabola via Creative Commons

For decades labor unions have utilized the tactics of corporate campaigns, which single out and target individual companies with public pressure via shaming and critical attacks, in order to get them to surrender and accept unionization of their workers.

Other activists behind various progressive causes have adopted the strategy in order to advance their agendas. Not the least of these are the shrill climate change warriors, who battle against the “evils” of the fossil fuels that energize almost every aspect of our everyday modern lives.

So far environmental pressure groups like Greenpeace and 350.org have gone after the obvious targets: coal and oil companies; public utilities like Duke Energy and American Electric Power; the automobile industry; and tech companies like Apple and Amazon who churn massive amounts of electricity for cloud computing services and the like.

Now their target is the lifeblood of every … Read More ➡

American Corporations Push Paris Climate Accord as China Pushes Coal

Posted on by Paul Chesser

Apple CEO Tim Cook

As member nations of the United Nations Framework Convention on Climate Change take their 25thstab at an international agreement to limit so-called greenhouse gas emissions, some American corporations are trying to make up for the absence of the United States as part of the deal.

President Donald Trump famously announced in June 2017 the U.S. withdrawal from the nonbinding Paris Climate Agreement, which was previously negotiated in 2015 with the willful participation of then-President Barack Obama. Even though the U.S. Senate never ratified the treaty, as is required, the U.S. acted as though it was legal and pretended to adhere to the accord. But then last month Trump gave formal notification to the U.N. of America’s departure from the pact, effective the day after Election Day, in 2020.

There has been predictable outrage on the environmental left, from their allies in the media, … Read More ➡

Climate Change Warrior Jeffrey Immelt Revealed as Fraud; Ex-General Electric CEO Was Energy Hog

Posted on by Paul Chesser

Jeff Immelt/PHOTO: jdlasica via Creative Commons

Now that former CEO Jeffrey Immelt is fully out of the General Electric picture as both CEO and chairman of the Board of Directors, his replacement, John L. Flannery, is working to cut the costs many said would be among his first priorities.

The Wall Street Journal on Wednesday revealed (paywall) some of the excess under Immelt, the most sensational being that he sometimes had an empty corporate jet follow the one he was flying in, in case there were delays or mechanical problems. A GE spokewoman justified the practice by telling the newspaper that the “two planes were used on limited occasions for business-critical or security purposes.”

Whether or not the double-jet travel (what was Immelt going to do if his plane had problems – parachute to the other one?) was justified can be left to the judgment of the reader and … Read More ➡