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BlackRock Shifts Focus: From ESG Champion to Skeptic

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the staff of the Ridgewood blog

Ridgewood NJ, in the evolving world of pension politics, BlackRock has undergone a significant transformation. Once a leading advocate for prioritizing environmental, social, and governance (ESG) considerations over investment returns, BlackRock has notably pulled back from its previous stance. The investment giant, which once spearheaded the push for ESG, now appears more skeptical than many of its peers.

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BlackRock Backs Off ESG

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the staff of the Ridgewood blog

Ridgewood NJ, perhaps Larry Fink has taken note of the annual report card, “Putting Politics Over Pensions.”  It’s undeniable that BlackRock is shifting its stance on climate activism. This marks a significant reversal in just 18 months, especially considering Fink’s previous leadership in the CEO movement advocating for climate action.

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Save the Whales: New Jersey’s So Called “environmental groups” Cave to Governor Murphy and the Wind Turbine Industry

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the staff of the Ridgewood blog

Atlantic City NJ, Congressman Van Drew demanded that all offshore wind activity in the state of New Jersey end, following an unprecedented number of whales have washed ashore in the New Jersey/New York area over the past month.

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New Jersey Pension Funds at Risk as the 10 largest ESG funds by assets have all posted double-digit losses in 2022

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the staff of the Ridgewood blog

Ridgewood NJ, several decades of stock market evidence that social-investment funds typically underperform the market.

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Expedia CEO Barry Diller Calls ESG nothing but “Virtue Signaling”

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the staff of the Ridgewood blog

Ridgewood NJ, at age 80, Barry Diller has been CEO of Paramount Pictures and then started Fox Television. Now the head of the travel company Expedia, he’s had enough of ESG and is saying so.

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