Are BlackRock and Vanguard Turning Their Backs on Woke ESG Agenda? | 9/1/23

Sara Gonzales Unfiltered

Blaze Podcast Network

News, Politics, News Commentary

4.8 • 5.8K Ratings

🗓️ 1 September 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

BlazeTV host Stu Burguiere and contributor Eric July join the show to discuss how BlackRock and Vanguard are choosing financial profits over social issues. Is ESG finally making its way out the back door? Sara and the panelists discuss how the largest investment companies are turning their backs on climate and social issues to help make their clients more money. White House press secretary Karine Jean-Pierre tried to pull the wool over the American people's eyes this week by claiming that Biden has secured the border better than anyone else while also claiming that he is making larger pathways for illegal aliens to gain residency through "parolee programs." Jean-Pierre ignored the fact that this so-called "single largest month-to-month drop" came about only because illegal immigration along the southern border has skyrocketed to record levels under the Biden administration. Trump got HUGE news last night: a Georgia judge has granted access for the public to view his upcoming trial through the court's YouTube page. Today's Sponsor: Relief Factor isn't a drug, but it was developed by doctors to fight inflammation. Try it today. The 3-Week QuickStart is only $19.95. Go to http://www.relieffactor.com or call 800-4Relief to get your QuickStart today. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today, Vanguard and BlackRock, back away from ESG investments,
0:03.8	the White House makes an incredible claim on Biden's handling
0:06.7	of the border and Trump's Georgia trial will be televised
0:10.0	for all to see.
0:11.2	We've got all of that and more coming up
0:12.4	and it all starts right now.
0:13.9	Welcome to the news and why it matters, I am Sarah Gonzales.
0:34.2	And today, mega investment management firm, the Vanguard Group,
0:37.1	has announced it will significantly reduce its funding
0:39.6	for ESG-related projects.
0:41.6	Having previously supported 12% of the ESG proposals submitted
0:45.3	by shareholders in 2022, that number has now dropped to just 2%.
0:50.2	This, of course, comes after fellow investment giant BlackRock
0:53.1	made a similar decision in recent months
0:54.9	going from 50% ESG-related investments back in 2021
0:59.0	to just 7% in June of 2023.
1:02.7	Now, both companies have emphasized that their decisions
1:04.9	regarding ESG proposals are driven by their commitment
1:07.6	to advancing the financial interests of their clients
1:10.8	rather than political considerations.
1:13.0	Huh, I guess it turns out making investment decisions
1:16.1	based on political agendas rather than profit
	...

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