An interesting letter sent from a contact to a European LaRouche organizer shows that the failure of the so-called “Green Deal” as an economic “transition” claimed by Britain’s King Charles and the World Economic Forum, is being matched by the failure of “green finance” for investors. The letter is from the Treasurer of a U.S. federal state to BlackRock, Inc., dated Oct. 5 of this year, and it informed BlackRock CEO Larry Fink that the state is pulling all of its nearly $800 million investment out of BlackRock-managed funds. More importantly, it declares so-called ESG (environmental, social and governance) investing to be a toxic failure for pension or other large investing funds which have been pulled into it by BlackRock and the trans-Atlantic megabanks of Mark Carney’s Glasgow Financial Alliance for Net Zero.
The state treasurer rebukes BlackRock for having lost $1.7 trillion of its worldwide clients’ money in its latest fiscal year—one-sixth of everything invested with CEO Fink’s immense oligarchical juggernaut—and that in a year which ended at June 30, 2022, when the impact of runaway inflation, shortages, and margin calls was still building up. Still further losses will have undoubtedly ensued since then. Moreover, the treasurer wrote to Fink, “Your anti-fossil fuel policies would destroy [our] economy.”
He also quoted from Fink’s infamous 2021 letter to CEOs which demanded “a transformation of the entire economy…. [B]ehaviors are going to have to change and that is one thing we are asking companies. You have to force behaviors. And at BlackRock, we are forcing behaviors.” That Fink letter added, “We need to be honest about the fact that green products often come at a higher cost.”
