WASHINGTON, Dec. 2, 2021 /PRNewswire/ -- Today, Consumers'
Research released a Consumer Warning to help create
awareness of BlackRock's of close ties to the Chinese Communist
Party and inform U.S. consumers that BlackRock is taking their
money and betting on China.
In the Warning, Consumers' Research outlines in detail
BlackRock's ties to China, dating
back to the early 2000s and shines a light on BlackRock's CEO
Larry Fink's personal relationships
with China's communist leadership
as well.
The Warning also lists the top ten states whose public pension
funds are invested with BlackRock, including West Virginia with a reported total of
$2.1 billion.
"Today BlackRock manages nearly $10
trillion of Americans' hard-earned money," said
Will Hild, Executive Director of
Consumers' Research. "Consumers deserve to know what BlackRock
is doing with that money. What we've seen is that while BlackRock
is virtue signaling in the United
States, they're choosing to aid our enemies with American
pension dollars."
The release of the Consumer Warning comes after new findings in
the 2021 Report to Congress, which highlights the economic and
national security risks of U.S. financial dealings with
China, and BlackRock's decision to
seemingly double-down on its investments in the country with
no regard for the Congressional report.
As part of their effort to make West Virginians aware of the
vulnerability of their pensions, Consumers' Research will also be
launching a targeted digital campaign featuring this ad. Earlier
this Fall, the consumer protection group also released this
hard-hitting TV ad focused on BlackRock's relationship with
the Chinese Communist Party.
"We cannot let executives like Larry
Fink try and tell Americans how to live while simultaneously
cozying up to one of the world's leading human rights abusers,"
said Hild. "Telling Americans how to behave, while ignoring
China's many environmental and
human rights abuses is hypocritical in the worst way. Consumers
deserve to know when woke companies are taking advantage of them
and their assets."
You can view the Consumer Warning here.
To read more about Consumers' Research and its more than
90-year-history, click here.
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SOURCE Consumers' Research