BlackRock CEO Larry Fink No Longer Uses
‘ESG,’ Laments Term ‘Weaponized’
Posted By: Dreadnought, 6/26/2023 10:03:30 PM
BlackRock CEO Larry Fink said Sunday he no longer uses the term “ESG” when talking of investing, lamenting it has become politicized. Fink spoke at the Aspen Ideas Festival, announcing the term Environment, Social, and Governance (ESG) investing is now past, arguing it has been “politically weaponized” and he is “ashamed’ to be part of the debate. “When I write these [investment] letters, it was never meant to be a political statement. … They were written to identify long-term issues to our long-term investors,” he said. However, when pressed on his statement, he backtracked, saying, “I never said I was ashamed. I’m not ashamed. I do believe in conscientious capitalism.”
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legislatures unchecked control over federal elections 8 replies
WASHINGTON — The Supreme Court on Tuesday declined to impose new limits on state courts reviewing certain election-related issues by ruling against Republicans in North Carolina fighting for a congressional district map that would heavily favor their candidates.
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“See as president
BlackRock CEO Larry Fink said Sunday he no longer uses the term “ESG” when talking of investing, lamenting it has become politicized.
Fink spoke at the Aspen Ideas Festival, announcing the term Environment, Social, and Governance (ESG) investing is now past, arguing it has been “politically weaponized” and he is “ashamed’ to be part of the debate. “When I write these [investment] letters, it was never meant to be a political statement. … They were written to identify long-term issues to our long-term investors,” he said. However, when pressed on his statement, he backtracked, saying, “I never said I was ashamed. I’m not ashamed. I do believe in conscientious capitalism.”
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“See as president
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