Larry Fink, the CEO of the woke investment firm Blackrock, thinks he is saving the world and preventing climate change by shaking down American fossil fuel companies – conveniently while raking in money from the world’s biggest polluter, China.
Governor Ron DeSantis has introduced a proposal to stop the spread of woke ideologies in schools and corporations. The Stop the Wrongs to Our Kids and Employees (W.O.K.E.) Act “protects employees against a hostile work environment due to critical race theory training.” DeSantis said the bill will save workers from having to “endure CRT-inspired ‘training’ and indoctrination.”
Exxon Mobil Corp.’s remade board of directors is debating whether to continue with several major oil and gas projects as the company reconsiders its investment strategy in a fast-changing energy landscape, according to people familiar with the matter.
Two board challengers win, but fossil fuels aren’t going away. The usual suspects are casting Exxon Mobil’s partial defeat in a proxy shareholder battle on Wednesday as a Waterloo for fossil fuels. Sorry—the vote is a reflection of the enormous political pressure and financial leverage of government pension funds, proxy advisers and asset managers like BlackRock that want to be seen as virtuous to the progressives who are now in power.
