Friday, March 10, 2023 by: Belle Carter
Tags: big government, BlackRock, Bubble, carbon emissions, climate alarmism, climate change, CO2, Collapse, conspiracy, deception, energy crisis, energy supply, environment, ESG, green agenda, green deal, green tyranny, Joe Biden, Larry Fink, market crash, power, propaganda, truth
This article may contain statements that reflect the opinion of the author
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(Natural News) Contrary to popular opinion that the Russian attack on Ukraine gave
rise to the looming worldwide energy collapse, a strategic risk consultant and
best-selling author revealed that the crisis is a long-planned strategy of
western corporate and political circles to dismantle industrial
economies in the name of a
dystopian green agenda.
In an article
published on Global Research, Princeton University alumnus F. William Engdahl said President Joe Biden’s
administration as well as the European Union have been insisting that the
energy crunch was brought about by Russian President Vladimir Putin’s offensive
in Kyiv. However, Engdahl noted that BlackRock CEO Larry Fink is
believed to be the one stirring up the energy crisis pot.
In January
2020, Fink sent a letter to his Wall Street colleagues and corporate CEOs
announcing a radical departure from corporate investment by saying that money would “go
green.”
“In the near
future – and sooner than most anticipate – there will be a significant
re-allocation of capital. Climate risk is investment risk,” Fink said,
stressing that “every government, company and shareholder must confront climate
change.”
Fink, who manages
some $7 trillion in investments, wrote a separate letter to their investor
clients where he indicated that his company will cut certain high-carbon investments such as coal and that he would screen new investments in oil, gas
and coal to determine their adherence to the United Nations’ Agenda 2030. He
said companies and governments that do not respond to stakeholders and address
sustainability risks will encounter growing skepticism from the markets, which would
cause a higher cost of capital.
“Climate
change has become a defining factor in companies’ long-term prospects. We are
on the edge of a fundamental reshaping of finance,” he said.
Showing how
the company has since then influenced the industry, penalizing
carbon-dioxide-emitting companies has become the norm among hedge funds and
Wall Street banks and investment funds, including State Street and Vanguard.
Fink was even able to convince four new board members in ExxonMobil to end the
firm’s oil and gas business.
The 2020
letter triggered a colossal disinvestment in the trillion-dollar oil and gas
sector. Engdahl pointed out that Fink was even named to the Board of Trustees
of the World Economic Forum (WEF), which was the main proponent pushing for the
“Zero-Carbon UN Agenda 2030.”
BlackRock was
also a founding member of the Task Force on Climate-related Financial
Disclosures and is a signatory of the Principles for Responsible Investing
(PRI), a UN-supported network of investors pushing zero-carbon investing. It
also signed the Vatican’s 2019 statement advocating carbon pricing regimes. In
2020, it joined the Climate Action 100, a coalition of almost 400 investment
managers managing $40 trillion.
The next
year, Fink wrote another letter as a follow-up attack on fossil fuels,
asking companies to disclose a plan for how their business model will
be compatible with a
net-zero economy. By
2022, an estimated $1 trillion already has exited the investment in oil and gas
exploration and development globally. (Related: Meet BlackRock: The
‘architect of woke capitalism’ destroying America from within.)
Biden, BlackRock is killing the energy industry
In exchange
for Fink’s “I am here to help” promise to Biden’s presidential campaign, the
latter quickly announced getting rid of fossil fuels even before he was
inaugurated. Biden also installed BlackRock’s Global Head of Sustainable
Investing Brian Deese as the assistant to the president and director of the
national economic council.
Deese
provided a list of anti-oil measures to sign by executive order, which included
closing the huge Keystone XL oil pipeline and halting any new leases in the
Arctic National Wildlife Refuge (ANWR). Biden also rejoined the Paris Climate
Accord that Deese had negotiated for then-President Barack Obama. President
Donald Trump canceled this during his term.
Moreover,
Biden’s environmental rules and BlackRock’s investing mandates started to kill
the refinery capacity. “In the first two years of Biden’s presidency, the
U.S. has shut down some one million barrels a day of gasoline and diesel
refining capacity, the fastest decline in US history,” Engdahl said.
He also said
that this year, “an added 1.7 million bpd [barrels per day] of capacity is set to close as a result of
BlackRock and Wall Street disinvesting and Biden regulations.”
Find more
related stories at GreenDeal.news.
Watch the
video below that talks about how investment giants BlackRock and Vanguard
are taking over the world.
Video Link: https://www.brighteon.com/af00055b-9011-498d-97de-44f10a743cb4
This video is
from the Puretrauma357 channel
on Brighteon.com.
More related stories:
Texas, 18 other states
oppose Blackrock’s “woke” investment practices on pensioner’s funds.
BlackRock CEO:
Conflict in Ukraine marks end of globalization.
BlackRock stock
downgraded after pushing radical ESG agenda.
Sources include:
Source: https://www.naturalnews.com/2023-03-10-blackrock-green-agenda-triggered-global-energy-crisis.html