Contrary to popular opinion that the Russian attack on Ukraine gave rise to the looming worldwide energy collapse, a strategic risk consultant and best-selling author revealed that the crisis is a long-planned strategy of western corporate and political circles to dismantle industrial economies in the name of a dystopian green agenda.
In an article published on Global Research, Princeton University alumnus F. William Engdahl said President Joe Biden’s administration as well as the European Union have been insisting that the energy crunch was brought about by Russian President Vladimir Putin’s offensive in Kyiv. However, Engdahl noted that BlackRock CEO Larry Fink is believed to be the one stirring up the energy crisis pot.
In January 2020, Fink sent a letter to his Wall Street colleagues and corporate CEOs announcing a radical departure from corporate investment by saying that money would “go green.”
“In the near future – and sooner than most anticipate – there will be a significant re-allocation of capital. Climate risk is investment risk,” Fink said, stressing that “every government, company and shareholder must confront climate change.”
Fink, who manages some $7 trillion in investments, wrote a separate letter to their investor clients where he indicated that his company will cut certain high-carbon investments such as coal and that he would screen new investments in oil, gas and coal to determine their adherence to the United Nations’ Agenda 2030. He said companies and governments that do not respond to stakeholders and address sustainability risks will encounter growing skepticism from the markets, which would cause a higher cost of capital.
“Climate change has become a defining factor in companies’ long-term prospects. We are on the edge of a fundamental reshaping of finance,” he said.
Showing how the company has since then influenced the industry, penalizing carbon-dioxide-emitting companies has become the norm among hedge funds and Wall Street banks and investment funds, including State Street and Vanguard. Fink was even able to convince four new board members in ExxonMobil to end the firm’s oil and gas business.
The 2020 letter triggered a colossal disinvestment in the trillion-dollar oil and gas sector. Engdahl pointed out that Fink was even named to the Board of Trustees of the World Economic Forum (WEF), which was the main proponent pushing for the “Zero-Carbon UN Agenda 2030.”
BlackRock was also a founding member of the Task Force on Climate-related Financial Disclosures and is a signatory of the Principles for Responsible Investing (PRI), a UN-supported network of investors pushing zero-carbon investing. It also signed the Vatican’s 2019 statement advocating carbon pricing regimes. In 2020, it joined the Climate Action 100, a coalition of almost 400 investment managers managing $40 trillion.
The next year, Fink wrote another letter as a follow-up attack on fossil fuels, asking companies to disclose a plan for how their business model will be compatible with a net-zero economy. By 2022, an estimated $1 trillion already has exited the investment in oil and gas exploration and development globally. (Related: Meet BlackRock: The ‘architect of woke capitalism’ destroying America from within.)
Biden, BlackRock is killing the energy industry
In exchange for Fink’s “I am here to help” promise to Biden’s presidential campaign, the latter quickly announced getting rid of fossil fuels even before he was inaugurated. Biden also installed BlackRock’s Global Head of Sustainable Investing Brian Deese as the assistant to the president and director of the national economic council.
Deese provided a list of anti-oil measures to sign by executive order, which included closing the huge Keystone XL oil pipeline and halting any new leases in the Arctic National Wildlife Refuge (ANWR). Biden also rejoined the Paris Climate Accord that Deese had negotiated for then-President Barack Obama. President Donald Trump canceled this during his term.
Moreover, Biden’s environmental rules and BlackRock’s investing mandates started to kill the refinery capacity. “In the first two years of Biden’s presidency, the U.S. has shut down some one million barrels a day of gasoline and diesel refining capacity, the fastest decline in US history,” Engdahl said.
He also said that this year, “an added 1.7 million bpd [barrels per day] of capacity is set to close as a result of BlackRock and Wall Street disinvesting and Biden regulations.”
Find more related stories at GreenDeal.news.
Watch the video below that talks about how investment giants BlackRock and Vanguard are taking over the world.
This video is from the Puretrauma357 channel on Brighteon.com.
More related stories:
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- BlackRock CEO: Conflict in Ukraine marks end of globalization.
- BlackRock stock downgraded after pushing radical ESG agenda.
- Billionaire BlackRock CEO calls poor millennials “entitled,” promises them “scarcity inflation” (op-ed).
Sources include:
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Yes!
Essentially, there is one financial entity, the cross–shareholding construct of BlackRock, Vanguard, State Street and Fidelity —- they are the major shareholders in each other and in turn are (together) the major shareholders in the majority of major corporations!
This isn’t easy to understand for those with little knowledge of global finance, but when two companies are cross—shareholders in each other then their financial power is not doubled but quandrupled!
Therefore, when the major shareholders are also cross–shareholders in each other, there is an EXPONENTIAL increase in their financial control and power!!!
[SIDEBAR: A past CEO of State Street was Marshall Carter, Jr., whose father was Gen. Marshall Carter, deputy director of the CIA in 1963 when a president was assassinated —- recommended for that position by Nelson Rockefeller. Gen. Carter would later become NSA director when all the 1963 files for NSA site, USA–55, disappeared; containing crucial evidence on the JFK assassination.
CEO Marshall Carter Jr.’s uncle, therefore, was Cliff Carter, senior advisor to VP Lyndon Johnson in 1963 —— Cliff Carter commanded an OSS unit during WWII where Paul Paterni (Secret Service deputy chief in 1963) and James Angleton (CIA Counterintelligence chief in 1963) and Angleton’s deputy chief, Ray Rocca served as well!]
Recommended Reading: “The Myth of Capitalism” by Jonathan Tepper
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THE DEAL
On 9/11/01, when Flight 77 crashed into the Pentagon’s west wall killing almost all of the DIA’s auditing team which had just compiled a report on the missing and unaccounted for $2.3 trillion of DoD funds, the valuation of offshore hedge funds was $2 trillion —– within several months their valuation would double to $4 trillion.
The future Big Four — not yet in that category back in 2002 — BlackRock, Vanguard, State Street and Fidelity — late in 2002 would have a combined assets under management of — $2 trillion.
Fast forward to 2018 when, under the guise of military operations in Afghanistan and Iraq, that unaccounted for $2.3 trillion in missing DoD funds had ballooned to $21 trillion.
In 2018 the combined assets under management of what was now the Big Four was now $21 trillion!
Curious how the arithmetic always works out that way?!?!
Some Facts on BlackRock
Originally spun off from the Blackstone Group (whose first primary investor was the Rockefeller family), the major owner of BlackRock was also the Blackstone Group with a 35% portion — unclear what their exact ownership is today?!?!
In 2013, BlackRock was the single largest shareholder in no less than a fifth of all publicly listed US companies, and was the number two or three in many more.
In 2016, BlackRock was the largest shareholder of HSBC, Deutsche Bank, Banco Popolare di Milano and Banco Bilbao Vizcaya Argentaria along with one-third of the firms on both the FTSE 100 (London) and the DAX (Germany).
Since 2017 BlackRock has been the NY Times largest shareholder. Carlos Slim was second largest.
The Deep State is so large, convoluted and interwoven that it is now impossible to reverse. Life is over as we once knew it in a purely republican system of government.