For proof, all you need to do is unpack the Biden administration's so-called Environmental Social Governance agenda and its ties to BlackRock, the world's biggest money-management company headed by Larry Fink, which manages more than $9 trillion in assets.
BlackRock has been an active cheerleader for White House policy toward ESG - the practice of prodding industries to enact climate-control measures and adopt other lefty shibboleths such as board diversity as part of their business models - and profit from it without attracting much attention from the usual suspects.
What's different here is how big of a role people associated with Larry Fink's BlackRock have taken in formulating national ESG policy, and how much the company stands to profit from it with barely a peep from that aforementioned gotcha crowd.
More recently he has vowed to make ESG a centerpiece of BlackRock's investing model.
As Eleanor Terrett of Fox Business has reported, BlackRock now offers more than 150 mutual funds and exchange-traded funds that adhere to ESG standards - more than any other firm on Wall Street.
BlackRock manages more than $400 billion in ESG client money, which means it's making money hand over fist being an environmentally aware corporate citizen since, according to Terrett, these funds can carry fees that are as much as 40 percent higher than other similar investments.
There are other BlackRock people serving in the Biden administration with more tangential ties but who are powerful nonetheless.
https://nypost.com/2021/10/30/larry-fink-shakes-big-bucks-from-lefty-joe-bidens-esg/
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