BlackRock Report Card Rebellion - Part 2
Sept. 17, 2019, 4:30 p.m.
[PLEASE NOTE, this is a two-part event, we encourage you to come to one or the other or both. They are both on 9/17; one is at 7:30am and the other is at 4:30pm.]
BlackRock’s report card is out and it’s time to school BlackRock on responsible corporate behavior.
On August 30th, BlackRock and other top asset managers filed with the SEC, as required by law, their 2018–2019 shareholder votes, revealing that both asset managers wielded their considerable shareholder power to block the boards of directors of ExxonMobil, Duke Energy, General Motors, Ford, and Dominion Energy from facing accountability on climate change, prioritizing short-termism over the creation of long-term shareholder value. BlackRock, one of the two largest asset managers in the world, was also a top shareholder at each of those companies at the time of their shareholder meetings. Instead of using their power to promote leadership on climate change, BlackRock is using it to shield industries driving the climate crisis from accountability. (1)
Why September 17th? This is the date when the Majority Actions/Climate Majority Project releases its 2019 Asset Manager Climate Scorecard (based on what asset managers filed with the SEC) This scorecard is the impetus and inspiration for this action. TIME FOR TEACHING SOME LESSONS!
We’ll meet at Carmen Park, corner of Congress and North St, at 7:30 am and again at 4:30 pm. We will then proceed as a group to our location in front of BlackRock’s offices at 60 State St. where “school will be in session” and we’ll be “giving lessons” from 8 to 9 am and again from 5 to 6 pm. We'll be handing out report cards on the terrible voting record BlackRock has among other big problems and "schooling" BlackRock employees on their way in and out as well as the public passing by. Please note the two different times we will be gathering. You are welcome to join either or both.
This action is being led by our friends, Mothers Out Front with support from Extinction Rebellion. Using the Climate Scorecard as a jumping off point, Mothers Out Front are designing a “report card/school” theme that promises to be impactful, engaging and educational. More details to follow. Let us know if you’ll be part of our morning or afternoon class or both!