>>14431614>What confuses me so much is that fossil fuel companies KNOW that climate change is occurring and that it's because of fossil fuels but they continue to operate business as usual. What's the point of amassing billions of dollars to pass down to your family if your children and their children have to reap what you've sown?Yes, the people who rule over you must have gone mad, they just don't see the obvious truths that you see. The world must be very confusing place for people on your level of cognition.
Threadly reminder:
BlackRock, Inc. is an American multinational investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with US$10 trillion in assets under management as of January 2022.[3] BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries.[4]
BlackRock has sought to position itself as an industry leader in environmental, social and corporate governance (ESG). The company has faced criticism for worsening climate change, its close ties with the Federal Reserve System during the COVID-19 pandemic, anticompetitive behavior, and its unprecedented investments in China.[5][6]
In 2017, BlackRock expanded its presence in sustainable investing and environmental, social and corporate governance (ESG) with new staff[84] and products both in the USA[85] and Europe[86][87] with the aim to lead the evolution of the financial sector in this regard.[88]
BlackRock started using its weight to draw attention to environmental and diversity issues by means of official letters to CEOs and shareholder votes together with activist investors or investor networks[89] like the Carbon Disclosure Project, which in 2017 backed a successful shareholder resolution for ExxonMobil to act on climate change.
