On Wednesday, we got some incredible news: the CEO of the world's largest investment firm announced he was radically shifting the company's priorities, including moving money out of fossil fuels because they cause climate change and pressuring the companies it owns to align with the goals of the Paris Climate Agreement. HUGE news for the fight to save the world!
Yet soon our cheers turned to sighs: the letter was a hoax, created by the culture-jamming artists known as the Yes Men. A clever deception that mimicked the BlackRock CEO's annual letter to the CEOs of companies in which the company invests, but a fake nonetheless.
Then, incredibly, CEO Larry Fink released his real letter the very next day! But unlike the hoax letter, it was a major letdown. Despite the worldwide climate crisis, Fink didn't mention "climate change" once in his 2,000-word missive.
|