WASHINGTON–(BUSINESS WIRE)–Today, Consumers� Research released a Consumer Warning to inform U.S. consumers that BlackRock, the worlds largest money management company, is taking their money and betting on China.
Consumers Researchs Warning details BlackRocks ties to China, which date back to the early 2000s, and shines a light on BlackRocks CEO Larry Finks personal relationships with Chinas communist leadership.
This Consumer Warning also lists the ten states whose public pension funds are most deeply invested in BlackRock: Washington, Florida, New York, Nevada, Nebraska, South Carolina, Oklahoma, Pennsylvania, Montana, and West Virginia.
Today BlackRock manages trillions of dollars of Americans hard-earned money, said Will Hild, Executive Director of Consumers Research. Consumers deserve to know what BlackRock is doing with that money. What weve seen is that while BlackRock is virtue signaling in the United States, theyre aiding our adversaries with American pension dollars.
The release of the Consumer Warning comes after new findings in the 2021 Report to Congress, which highlights the economic and national security risks of U.S. financial dealings with China, and BlackRocks decision to seemingly double-down on its investments in the country with no regard for the Congressional report.
In addition to the Warning, earlier this Fall, Consumers Research released a hard-hitting TV ad, along with several billboards across New York City, including one in Times Square, exposing ties between BlackRock and the Chinese Communist Party.
We cannot let executives like Larry Fink try and tell Americans how to live while simultaneously cozying up to one of the worlds leading human rights abusers, said Hild. Telling Americans how to behave, while ignoring Chinas many environmental and human rights abuses is hypocritical in the worst way. Consumers deserve to know when woke companies are taking advantage of them and misusing their assets.
You can view the Consumer Warning here.
To read more about Consumers Research and its more than 90-year-history, click here.
Contacts
Will Hild
media@consumersresearch.org
703-683-5004
The industry-acclaimed annual rankings recognise the top-performing hotels for MICE business, as well as the…
Agreement Marks Significant Step Towards First Romanian Lunar Mission LUXEMBOURG--(BUSINESS WIRE)--ispace EUROPE S.A. (ispace-EUROPE), the…
Designed for Compute-Intensive Applications such as Automotive Collision Simulation, Weather Forecasting, and Biopharmaceutical Modeling, the…
MotusAI Achieves an Average Cluster Computing Power Utilization Rate of Over 70% by Implementing Efficient…
Supported by Ronald McDonald House Charities Hong Kong and Dignity Kitchen HONG KONG SAR -…
Early profitability sets the stage for a promising start toward its 2025 financial targets Highlight…