The Real Money Controllers Behind the New Green Agenda Aim to Change the Economy Using Environmentalism as a Cover

Larry Fink, CEO of BlackRock investment fund with $7 Trillion in assets
image_pdfimage_print
The radical new green agenda has gained much support over the past year, and Wall Street investors, banks, and corporations have joined their forces at the World Economic Forum. The goal is to invest in businesses and industries that support the agenda of the UN Intergovernmental Panel on Climate Change. Investors will abandon companies and industries, such as thermal coal, that are not part of the agenda. The biggest whale is BlackRock investment fund that manages $7-trillion in assets. Others include Vanguard Funds, Fidelity Investments, Goldman Sachs, State Street Global, Carlyle Group, Rockefeller Capital Management, and major banks that formerly supported mining and oil.

In 20010, a UN IPCC official, Dr Otmar Edenhofer, told an interviewer, “…one must say clearly that we redistribute de facto the world’s wealth by climate policy. One has to free oneself from the illusion that international climate policy is environmental policy. This has almost nothing to do with environmental policy anymore…” -GEG

Within little more than a year everyone imaginable seems to have jumped on the bandwagon of the new green agenda of radical measures to “stop” climate change. Now the bastion of corporate economic globalization, the Swiss Davos World Economic Forum, has made its main theme this year, “Stakeholders for a Cohesive and Sustainable World,” with major focus on such notions as “How to Save the Planet.” Of course, featured speaker was the young Swedish activist Greta Thunberg. What few realize is how carefully all this is being orchestrated to prepare a massive shift in global capital flows where a handful of financial giants stand to gain.

From Greta to Bonnie Prince Charles, the themes at Davos 2020 were dominated for the first time by the climate change agenda. What comes through the interstices of the meeting of some 3,000 of the world’s corporate giants, is that a major global campaign is being orchestrated and it includes the world’s largest capital investment fund heads and the world’s major central bankers.

Davos trustees

It was no accident that Davos, the promoter of globalization, is so strongly behind the Climate Change agenda. Davos WEF has a board of appointed trustees. Among them is the early backer of Greta Thunberg, climate multi-millionaire, Al Gore, chairman of the Climate Reality Project. WEF Trustees also include former IMF head, now European Central Bank head Christine Lagarde whose first words as ECB chief were that central banks had to make climate change a priority. Another Davos trustee is outgoing Bank of England head Mark Carney, who was just named Boris Johnson’s climate change advisor and who warns that pension funds that ignore climate change risk bankruptcy (sic). The board also includes the influential founder of Carlyle Group, David M. Rubenstein. It includes Feike Sybesma of the agribusiness giant, Unilever, who is also Chair of the High Level Leadership Forum on Competitiveness and Carbon Pricing of the World Bank Group. And perhaps the most interesting in terms of pushing the new green agenda is Larry Fink, founder and CEO of the investment group BlackRock.

The Fink Letter

BlackRock is no ordinary investment fund. Based in New York, BlackRock is the world’s largest asset manager with some $7 trillion, yes, trillion, under management invested in over 100 countries. That’s more than the combined GDP of Germany and France. They dominate the stock ownership of every major exchange in the world, top shareholders of the major oil companies and world largest coal companies. Aspiring German CDU politician Frederick Merz has been chairman of the BlackRock Germany since 2016.

On January 14, 2020 just days before the Davos meeting featuring climate change, Fink published an unusual annual newsletter to corporate CEOs. BlackRock founder and CEO Larry Fink has jumped aboard the climate investing train big time.

He wrote in a closely read letter that guides numerous corporations seeking investment from some of BlackRock’s $7 trillions, “Climate change has become a defining factor in companies’ long-term prospects.” Citing recent climate protests, Fink states, “awareness is rapidly changing, and I believe we are on the edge of a fundamental reshaping of finance. The evidence on climate risk is compelling investors to reassess core assumptions about modern finance.”

Declaring that, “climate risk is investment risk,” Fink then asks an impossibly difficult question of how climate risks will impact entire economies. He has the answer, we learn. Referring to what he calls “a profound reassessment of risk and asset values” Fink tells us, “because capital markets pull future risk forward, we will see changes in capital allocation more quickly than we see changes to the climate itself. In the near future – and sooner than most anticipate – there will be a significant reallocation of capital.” And a handful of the world’s largest money groups will steer that reallocation of capital we learn. This alone should give pause for reflection. Is there another agenda here?

How will Fink and friends shift their investment flows, investment, by the way, of other peoples’ money, the savings of millions of us? BlackWater plans to demand that companies it invests its $7 trillion into show proof that they are green compliant by, “making sustainability integral to portfolio construction and risk management; exiting investments that present a high sustainability-related risk, such as thermal coal producers; launching new investment products that screen fossil fuels; and strengthening our commitment to sustainability and transparency in our investment stewardship activities.” Translated, if you don’t follow the demands of the UN IPCC and related groups including McKinsey & Co., you lose big money.

TCFD and SASB Look Closely…

As part of his claim to virtue on the new green investing, Fink states that BlackRock was a founding member of the Task Force on Climate-related Financial Disclosures (TCFD). He claims, “For evaluating and reporting climate-related risks, as well as the related governance issues that are essential to managing them, the TCFD provides a valuable framework.”

TCFD was created in 2015 by the Bank for International Settlements, chaired by fellow Davos board member and Bank of England head Mark Carney. In 2016 the TCFD along with the City of London Corporation and the UK Government created the Green Finance Initiative, aiming to channel trillions of dollars to “green” investments. The central bankers of the FSB nominated 31 people to form the TCFD. Chaired by billionaire Michael Bloomberg, it includes in addition to BlackRock, JP MorganChase; Barclays Bank; HSBC; Swiss Re, the world’s second largest reinsurance; China’s ICBC bank; Tata Steel, ENI oil, Dow Chemical, mining giant BHP and David Blood of Al Gore’s Generation Investment LLC. Note the crucial role of the central banks here.

And to further insure Blackrock and friends in the world of trillion dollar funds choose the right investment in the right companies, Fink states, “BlackRock believes that the Sustainability Accounting Standards Board (SASB) provides a clear set of standards for reporting sustainability information across a wide range of issues… “ This is reassuring until we look at who makes up the members of the SASB that will give the Climate-friendly Imprimatur. Members include, in addition of course to BlackRock, there is Vanguard Funds, Fidelity Investments, Goldman Sachs, State Street Global, Carlyle Group, Rockefeller Capital Management, and numerous major banks such as Bank of America-ML and UBS. What is this framework group doing? According to their website, “Since 2011, we have has been working towards an ambitious goal of developing and maintaining sustainability accounting standards for 77 industries.” So the very financial groups who today steer global capital flows to major mining and coal and oil projects since decades will now become the arbiters of what companies qualify to be blessed with money and which not for some future “green bond” investment.

Read full article here…

Visit our Classified ads.

Check out our Classified ads at the bottom of this page.

Recent stories & commentary

Technocracy

Google Canceled Its ‘Smart City’ Plans for Toronto

May 26, 2020 BBC 0

People objected to sensors that would be placed everywhere collecting data on everything. They also were not not comfortable with a private company running their city [Good decision on the sensors, but it is hard to imagine that private-sector crooks would be much worse than public-sector crooks.]

Kakistocracy

Unseen Forces Behind the Rise to Fame and Fortune of Bill Gates

May 26, 2020 James Corbett 0

Gates’ banker father was head of Planned Parenthood and the family was connected to a group of wealthy intellectuals who called themselves Eugenicists. That means they advocated so-called public-health programs that secretly sterilize those who are considered by the elite to be unworthy of procreation.

Classifieds

For classified advertising rates and terms, click here. The appearance of ads on this site does not signify endorsement by the publisher. We do not attempt to verify the accuracy of statements made therein or vouch for the integrity of advertisers. However, we will investigate complaints from readers and remove any message we find to be misleading or that promotes anything fraudulent, illegal, or unethical.

Health

Dentistry ruins health by mercury fillings, root canals, implants, fluoride, pulling wisdom teeth, tooth extraction causing cavitations, ignoring cranial bones, pulling teeth for orthodontia, ignoring acidity that causes bone loss, etc. (206) 623-4674 or www.toothwisdom.info.


G. Edward Griffin’s blood pressure dropped to healthy levels and stayed there after using Cardio Miracle, a nitric-oxide booster containing a blend of ingredients that supports the body’s natural defense against heart disease, atherosclerosis, cancer, diabetes, Alzheimers, and more. If you are over 40, you really should check this out.


The Heavenly Handbook of Health. “WOW! U want FeedBack? So far I am floored. If I’ve learned anything about you since we met; this book has the potential to be a blockbuster.” Read 18pg Teaser @ HeavenlyHandbookofHealth.com Simple, incredible, affordable health – any age!


Health with space-age technology and Quantum physics. For people and all animals. No medication! Available world wide! Contact us at [email protected]. For principals and testimonials please visit our website. www.Healthytherapy.com.


Dental & Vision Insurance – Not a discount program. Affordable rates as low as $17.90 monthly. Large Nationwide Network.100% coverage for frequently used dental services. Call 800-229-0297 M-F 8am-4:30pm EST.


JWLABS – Building fine Rife frequency instruments in the USA since 1987.
We offer customer support and an exceptional warranty. Learn why all households and clinics should employ this device. Call us at 888-891-1122 to discuss the many benefits.   www.rifemachine.com


For Sale

Offline is a documentary on the inevitability of the Earth being slammed by a mega solar flare – not the common type that interrupts communications and creates a light show in the Northern skies – but the big brothers thousands of times more powerful. These monsters deliver enough energy to blow apart the master transformers that supply the planet’s energy grids. When that happens, the lights go out for longer than anyone wants to think about. These X-Class solar storms hit the Earth every 150 years, on average. The last one arrived 156 years ago. We are overdue (More)

 


1
Leave a Reply

avatar
1 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
1 Comment authors
Jondolar Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
Jondolar
Guest
Jondolar

This is what we get when “money talks”.