New York Times writer accuses investment firm BlackRock of climate 'hypocrisy'

New York Times writer David Wallace-Well penned an op-ed Thursday that accused the world's largest asset manager BlackRock and other corporations of "hypocrisy" on climate change.
The article, titled "What’s Worse: Climate Denial or Climate Hypocrisy?
", contends that many companies that pledged to invest in more climate friendly initiatives have not fulfilled their promises.
"The era of climate denial has been replaced with one plagued by climate promises that no one seems prepared to keep," he wrote.
Wallace-Wells pointed to an annual letter published by BlackRock CEO Larry Fink as evidence for his claim.
He noted that Fink "called global warming the most serious threat to the financial system in his 40 years of experience and promised a drastic response from his firm."
He asserted that " finance seemed to take the hint , creating a new wave of purportedly virtuous ‘environmental, social and governance’ (E.S.G.)
Despite these promises, Fink has recently struck a radically different tone, according to Wallace-Wells.
LA TIMES SUGGESTS A RECESSION ‘MAY NOT BE THAT BAD’ AFTER COLUMNS DOWNPLAYED INFLATION CONCERNS"What should we call an about-face like this?
"Now for years, they've aggressively marketed the concept as good for companies, good for you and good for the planet.
CLICK HERE TO GET THE FOX NEWS APPSimilarly, New York University Professor of Finance Aswath Damodaran argued against ESG.
"But there is no global consensus for what is good and virtuous," he continued.
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