Watchdog Warns BlackRock’s Outreach to Trump May Be a Cover for Woke Track Record [WATCH]

A prominent consumer advocacy group is raising concerns over BlackRock’s recent moves to reposition itself closer to President Donald Trump and his administration, calling the asset management giant’s efforts a calculated strategy to distance itself from its longstanding support of progressive agendas.

Will Hild, Executive Director of Consumers’ Research, issued a warning about BlackRock CEO Larry Fink’s motivations, describing the company’s sudden shift as an attempt to rebrand amid mounting criticism of its environmental, social, and governance (ESG) investment practices.

“[BlackRock CEO] Larry Fink has made it clear that he is no friend to President Trump or any American under the MAGA banner,” Hild said in a public statement.

“Any effort to mend relations with conservatives is a Trojan Horse and should be dismissed as such.”

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The criticism follows BlackRock’s recent investment activity, including the firm’s move to purchase port facilities in the Panama Canal.

FLASHBACK: In 2018, Larry Fink specifically said that, when operating internationally, @BlackRock does not view themselves as an American company.

So, given their deep entanglements with Communist China, one has to ask: is their acquisition of the Panama Canal truly for America? https://t.co/HQMZdzO7AP pic.twitter.com/Dk2i8oYoZa

— Will Hild (@WillHild) March 7, 2025

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The deal raised eyebrows due to President Trump’s repeated warnings about the threat of Chinese influence in that strategic region.

Despite the company’s apparent shift away from ESG-focused investment strategies, Hild cautioned that Fink’s words and actions remain inconsistent.

Fink recently criticized President Trump’s economic policies during a speech at the Economic Club of New York, particularly regarding tariffs and trade.

REMINDER: In the last 5 years, @BlackRock and CEO Larry Fink have encouraged American investors (including pension funds) to double or even triple their exposure to China.

All while the Chinese market underperforms and China continues to take progressively more American jobs. https://t.co/JiGvDLUMKl pic.twitter.com/DytouwrLGI

— Will Hild (@WillHild) April 8, 2025

“As we saw in New York, Fink cannot stop himself from disparaging the president’s policies even while scurrying to rebrand himself a MAGA ally,” Hild said.

“I have no doubt that President Trump can see through Fink’s facade, but I implore the American public to view his desperate makeover with a healthy dose of skepticism.”

Let me be clear: @BlackRock CEO Larry Fink cannot (and should not) be trusted by the Trump Admin or the MAGA movement.

Despite his attempts to cozy up to the President, *this week* he implied that President Trump’s tariff plan has killed all talk of American exceptionalism. pic.twitter.com/0OpJ2FC1AH

— Will Hild (@WillHild) April 8, 2025

Hild added that any meaningful change would require BlackRock to fully reverse course on its ESG priorities and diversity-related programs.

“Should Fink actually defund woke agendas instead of renaming them, and should he fully disavow the ESG policies that infected every corner of the American economy at his command, I would welcome his conversion with a red ball cap of his own. But today is not that day,” he said.

BlackRock has been a central player in the national debate over ESG investing, which has faced growing opposition from Republican lawmakers, state treasurers, and conservative groups.

Critics argue that ESG policies prioritize political or ideological goals over shareholder value and economic performance.

Under Fink’s leadership, BlackRock previously embraced a wide range of ESG standards and diversity, equity, and inclusion (DEI) initiatives.

These included public support for climate-related investment strategies and corporate board diversity mandates.

However, earlier this year, BlackRock withdrew from the Net-Zero Asset Managers initiative, a coalition committed to aligning investments with carbon neutrality targets.

In March, the firm also announced it would roll back several of its internal DEI programs.

Despite those moves, critics remain unconvinced that the changes reflect a permanent departure from ESG-driven strategies.

Instead, some see the announcements as attempts to reduce public and political scrutiny.

The Trump administration has not commented on BlackRock’s outreach or the Panama Canal investments.

President Trump has previously criticized ESG as a “scam” and has emphasized U.S. economic independence and energy production as central to his policy platform.

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