Pro ESG? Dude, they are the origin and enforcer of it. Many institutions use Blackrock's software to pick trades for them and it's all based around ESG scores. Also obviously Blackrock is moving their $7 trillion dollar (last time I checked) portfolio to high ESG score companies.
For anyone wondering about that size in context, the world economy is $63 trillion the last time I heard someone say it. USA's annual budget is usually around $3T-$4T. This company controls the capital of a country and moves it based on those ESG scores.
Pro ESG? Dude, they are the origin and enforcer of it. Many institutions use Blackrock's software to pick trades for them and it's all based around ESG scores. Also obviously Blackrock is moving their $7 trillion dollar (last time I checked) portfolio to high ESG score companies.
For anyone wondering about that size in context, the world economy is $63 trillion the last time I heard someone say it. USA's annual budget is usually around $3T-$4T. This company controls the capital of a country and moves it based on those ESG scores.
I think these electrical outages, the regular shutting down of the system, was because of some stupid ESG.
They didn't have to do this.