I couldn’t believe this tweet was real. I had to go to X to check.
Incredibly, it is real. Has the PM *no* awareness of the reputation of BlackRock?
Incredibly, it is real. Has the PM *no* awareness of the reputation of BlackRock?
Reposted from
Clive Lewis MP
This post from the PM is problematic for a number of reasons.
A thread…🧵
A thread…🧵
Comments
He simply CANNOT be unaware.
“BlackRock has been criticized for investing in companies that are involved in fossil fuels, the arms industry, the People's Liberation Army and human rights violations in China.”
The world’s largest asset manager.
https://www.ft.com/content/07238b43-48e6-4e7b-96d2-d50a4ada4646
“fiduciary to our clients,”-investment returns take precedence over climate goals.
Is this what happens when Invest. Returns are the only responsibility a company has-eg. UK Water Companies?
I couldn’t get deeper to understand more🤷♀️
https://marketrealist.com/fund-managers/blackrock-esg-scandal/
This is like the bit where, in the wake of the 2008 banking crisis impoverishing everybody except the banks, Cameron came on tv and said "don't vote Brexit, it would ruin the finance sector..."
“ [BlackRock] focuses on sustainability not because we’re environmentalists, but because we are capitalists and fiduciaries to our clients.”
🤬🤬🤬
https://corporateaccountability.org/blog/blackrock-for-2022-corporate-hall-of-shame/
https://www.opendemocracy.net/en/dark-money-investigations/the-blackrock-letters-inside-labours-close-partnership/
It just invites criticism.
Fink is a very influential man worldwide. Money talks.
BlackRock is a grim way to go if true. More tentacles than a herd of Octupuses.
Please don't, Keir Starmer.
This is exactly what so many of us warned about, but we were called "toey enablers" and worse.
I'm not even sure the Tories would be this brazen.
Sorry couldn't help it :)
A lot depends on why one doesn't like the person.
And maybe Starmer DOES like something about Blackrock?
Another obfuscatory generality.
If we accept politics we have to accept a supposedly Labour Prime Minister getting into bed with Blackrock.
We're essentially talking about the UK being further turned over to asset strippers (think the Water scandal multiplied).
The country is broken because of 45 years of neoliberalism (see the thread above).
The Tories (aided by Brexit) created a kleptocracy, but Labour are not promising anything different economically.
I'm afraid your hope is misplaced.
@nickyzog.bsky.social @johnwestjaws.bsky.social
Destroy our chances of any meaningful trading with the EU by accepting deals that mean our output standards are completely unacceptable to them.
I find it difficult to believe that of him, but it seems a plausible argument.
The quote could quite easily be believed to have come from any recent Tory MP, or even Trump.
Try this...if it doesn't work, I'll send a photo
https://ft.pressreader.com/article/281835764246457
Thank you for posting.
Great article too… covers a lot very thoroughly.
Starmer was also a member for a while.
So no surprise that he's happy to work with BlackRock.
Presumably he shares the Commission's view that too much democracy is a bad idea.
https://bsky.app/profile/pickpear.bsky.social/post/3lbifg3aku22n
#LabourSellOuts
#LabourNotOnOurSide
Starmer seems like a decent bloke but his judgement seems terrible
I live in a Lab/Con bellweather and yet Labour are doing their best to get me voting Lib Dem in GE2029
Considering the new govt’s record to date, anyone reading Starmer’s statement that he’s ‘determined to deliver growth, create wealth and put more money in people's pockets,’ will immediately ask themselves ‘Yeah, but whose pockets?’
Now we know.
Looking for stocks in guillotine manufacturers, apropos of nothing…
Like he also can’t not know that policies like SEZs are designed to create asset stripping zones for companies like Blackrock to mine.
Blackrock has a price for everything but knows the social & moral value of nothing.