“What Larry Fink is doing has been unprecedented in the rise of ESG.” You can thank Larry for the massive and inappropriate pressure,” Cruz said on CNBC. “There’s a Larry Fink surcharge every time you fill up your tank. Ted Cruz (R-TX) placed some of the blame for the country’s higher gas prices on Fink’s “woke” push for more corporate involvement in combating climate change. Consumers’ Research believes that the cost, quality, availability, and variety of goods and services used or desired by American consumers - from both the private and public sectors - are improved by greater consumer knowledge and freedom.Larry Fink is many things - BlackRock CEO, billionaire, environmentalist, philanthropist, and, increasingly, a major punching bag for some on the right.įink has used his influence running the world’s largest money manager, which has more than $10 trillion in assets under management, to push for environmental, social, and governance standards and has led the corporate shift away from shareholder capitalism toward stakeholder capitalism.Īs Fink has grown in prominence, his ideas and influence on Wall Street have raised the ire of conservatives. You can also visit for more information.Ĭonsumers’ Research is an independent educational 501(c)(3) nonprofit organization whose mission is to increase the knowledge and understanding of issues, policies, products, and services of concern to consumers and to promote the freedom to act on that knowledge and understanding. The website,, features several articles outlining some of the most troubling Fink facts. “He has been outspoken on a number of woke political issues, but notably silent on China’s human rights record while simultaneously sending American pension dollars to the Chinese Communist Party.” “Larry Fink expects people to believe he's saving the planet, but his hypocrisy seems to be catching up to him,” said Hild. Since the release of the Consumer Warning, several states have taken action to protect their consumers from the shady dealings of BlackRock and Fink. Last year, Consumers’ Research released a television advertisement and penned a letter to Governors that included a Consumer Warning focused on BlackRock’s use of American investments to fund the Chinese Communist Party. He's using American investment dollars to cozy up to Chinese communists and woke politicians, betraying the American consumer in the process.” He's lying again, but his actions speak for themselves. “Now he's backtracking and claiming he's just a capitalist. “Larry Fink wanted the world to think he was woke until we called him out for violating his fiduciary duty to America's pensioners,” said Will Hild, Executive Director of Consumers’ Research.

Mobile Billboards in New York City around BlackRock HQ and Times Square. This newest phase of Consumers’ Research’s multi-million-dollar campaign is targeting BlackRock’s bad business practices and Larry Fink’s hypocritical woke principles includes:Ī major radio push with a 30 second ad airing across the country. WASHINGTON-( BUSINESS WIRE)-Today, Consumers’ Research launched a new campaign exposing BlackRock CEO Larry Fink for his shameless hypocrisy after his 2022 letter to CEOs pushed back on criticism from Consumers’ Research, but failed to mention his close relationship with the Chinese Communist Party.

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