Will Hild: BlackRock Sells Out to China

BlackRock has been caught reportedly investing in 30+ military companies, linked to the Chinese Communist Party — including companies working on China's "large-scale nuclear weapons buildup."

The Washington Post reported this week that despite its commitment to ESG and "climate action", BlackRock "has invested nearly $50 million in Chinese companies sanctioned under the 2022 Uyghur Forced Labor Prevention Act," and "holds stock in Chinese companies pursuing an aggressive buildup of nuclear warheads meant to hold United States territory at risk." "China's political leadership wants to redirect capital to emerging technologies with military application in preparation for a potential war with the United States," the report said. "Beijing also wants to continue its campaign of oppression against the Uyghurs and other minority groups in northwestern China."

BlackRock is actively using *your retirement dollars* to bet on the Chinese Communist Party.

To make matters worse, BlackRock is investing in China while working to destroy US energy production back home.  BlackRock's strategy for ESG investment is a clear failure, as ESG funds are imploding in the US, suffering nearly $9 billion in outflows in the first 3 months of 2024 alone – marking the worst quarterly outflows from ESG funds ever recorded.  Global coal demand is currently at all time highs, driven largely by failed green projects. Our adversaries, like China, are capitalizing on this – increasing their production – while we throttle domestic production and clear-cut forests to put down solar panels, all in the name of being "more green." It makes no sense whatsoever.

The "green" agenda is a threat to both our national security and our standing on the global stage. It's an intentional weakening of America — all to appease progressive activists and fatten the pockets of those pushing ESG, like BlackRock CEO Larry Fink.

America should be THE global energy powerhouse, but instead we're letting progressive activists dictate energy policy, driving us toward a "transition" that our existing infrastructure *cannot possibly handle* and weakening our position on the global stage. All of this begs the question: What are BlackRock CEO Larry Fink's motives in investing so heavily into the Chinese Communist Party?