BlackRock quits Net Zero initiative at perfect time as woke policies contribute to devastating LA fires

BlackRock’s timing couldn’t be better: It literally exited a weird, self-serving and futile environmental virtue signaling coalition of companies, sponsored by the unctuous bureaucrats at the United Nations no less, as Los Angeles was being burned to the ground because of woke climate policies. Corporate leaders are getting the memo, while progressives are left to sift through the ashes. Last week, The Post was first to report that BlackRock was leaving the “Net Zero Asset Managers Initiative,” a UN-backed group of institutional investors who say they want to save the world from climate Armageddon.It sounded like a good idea when BlackRock joined a few years back. The corporate ecosystem went hard left out of alleged necessity — the killing of George Floyd by a Minneapolis police officer was evidence that the country was systemically racist, hence the need for racial quotas in hiring through the practice of Diversity, Equity and Inclusion policies. The world was changing fast and the working and middle class needed to be indoctrinated on left-wing dogma just like they do to people in Europe, or our neighbors up north.Team-building seminars were replaced by critical race theory seminars preaching the evils of the freest place on earth.TV commercials needed to feature trans women sipping a Bud Light because American workers needed to be reminded of intersectionality 24/7. On top of this, the environment needed to be protected at all costs.

Al Gore’s dystopian prediction of massive climate change that would destroy the US economy was heading for us like a runaway freight train. Scary stuff, which is why asset managers like BlackRock — the world’s biggest — but also JPMorgan and State Street joined the UN-tied group, and others like it, and began investing in a way that made sure the environment would be protected from dreaded climate change. Of course, they left out several key facts in their proselytizing.First, none of these businesses are ...