BlackRock to reduce ESG prioritization
(archive.ph)
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Seems like a good news, but part of me thinks this is just a show to build confidence.
It is absolutely for show. What are quarterly profits when compared to being able to direct the worldwide flow of capital?
It's not their money to lose.
That won't stop them losing it.
For sure. They're not going to stop. They've just decided they're boiling the frog too fast and it's time to ease the pressure off for a bit. Their goals haven't changed.