XOM - Strive CEO Matt Cole Takes Aim At BlackRock For Forcing Climate Agenda On Energy Companies Citing 'Long-Term' Costs | Benzinga
In a recent social media post on X, Strive CEO Matt Cole criticized BlackRock Inc. (NYSE:BLK) for allegedly imposing a climate agenda on energy companies. This has sparked major controversy in the industry.
What Happened: Cole, in a comment, pointed out that BlackRock’s vast energy assets do not necessarily imply responsible stewardship. He accused the company of forcing a climate agenda on energy firms, regardless of their consent, resulting in long-term financial implications for the companies and their investors.
Cole commented on BlackRock’s response to Aaron Kinsey, Chairman of the State Board of Education in Texas, where the company said, “We learned of your decision to end Texas PSF and BlackRock’s 18-year relationship through a press release. Ending a long, successful partnership that has been a positive force for thousands of Texas schools and families in such a reckless manner is irresponsible.”
Cole provided examples of BlackRock’s alleged interference in the climate policies of publicly traded energy companies. He cited instances where BlackRock voted for shareholder proposals at Chevron Corporation and Exxon Mobil Corporation against the companies’ recommendations.
He also highlighted BlackRock’s role in the SEC‘s new mandatory ...