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Will Hild Profile picture
@WillHild
Oct 5, 2022 • 4 tweets • 2 min read • Read on X
🚨BREAKING: @LATreasury announced in a letter to BlackRock CEO Larry Fink that

Louisiana will divest ALL Treasury funds from BlackRock, totaling $794M to be removed by year’s end.

This the LARGEST divestment from BlackRock by any state.

Here's our statement🧵:
@ConsumersFirst applauds Treasurer Schroder's commendable decision to withdraw the state's assets from BlackRock's misuse.

foxbusiness.com/politics/louis…
As noted in his letter,

BlackRock is using the people of Louisiana's money to advance a destructive agenda that raises costs for consumers in the state and across the country.
The seeds of today's energy crisis were planted by BlackRock and others in their reckless abandonment of their fiduciary duty to cozy up to radical, woke politicians.

We are glad to see the Treasurer working to put an end to their economic vandalism.

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More from @WillHild

Will Hild Profile picture
Apr 8
JUST IN: We've found proof that @BlackRock lied in their letter to the Texas Permanent School Fund, following the fund's divestment of $8.5 billion...

You'll want to see this 🧵 Image
I thought it was *highly unlikely* that @BlackRock wasn’t given any notice that they were at risk of being fired, as they've claimed.

So, I watched 6 hours of footage of the fund's last two public board meetings. And, I know this won't shock anyone, but BlackRock lied...
@BlackRock To recap: in their terse letter responding to the $8.5 billion divestment by the TX PSF, @BlackRock claimed that “the process by which this decision was reached remains unclear to the public.”
Image
Image
Read 11 tweets
Will Hild Profile picture
Mar 26
The arguments made by @BlackRock in their letter attacking the Texas Permanent School Fund's divestment of $8.5 billion are complete nonsense...

Let's break them down 🧵
Quick review:

Last week, the Texas Permanent School Fund divested $8.5 billion from @BlackRock index funds over their continued prioritization of ESG over fiduciary duty.

In response, BlackRock sent a letter attacking their former client (how classy of them). The letter is full of lies, inaccuracies and intentionally misleading omissions.Image
Image
Their first and primary point is how much money they've made over and above the pension funds benchmark. This sounds nice, but, in truth, it’s irrelevant.

The fund’s benchmark is simply a conservative prediction of how the market will perform, so they can plan their spending accordingly.

It tells us nothing about how @BlackRock funds performed *against similar alternatives*.

Which I can say, without hesitation, is a $0 difference.
Read 13 tweets
Will Hild Profile picture
Sep 18, 2023
Oil nearing $100 per barrel again is very bad news for American families...

We shouldn't be in this position, but the Biden Administration's sheepish compliance with the dictates of climate extremists has brought us here.

(thread 🧵)

reuters.com/markets/commod…
As of today, gas prices are up over 60% since Joe Biden took office — and that's off the all-time highs already seen during his presidency.

On Biden's inauguration day (01/20/21) gas was $2.39 per gallon.

Today, it's $3.88 per gallon.
And today's average price of $3.88 per gallon is what remains after the Biden Administration sold over 180 million barrels of our Strategic Petroleum Reserve.

At it's peak, gas surpassed $5 per gallon — up nearly 110% under Biden.
Read 9 tweets
Will Hild Profile picture
May 18, 2023
Today, the @politico Energy Summit will be bringing some of the most prominent ESG activists to Washington, DC.

So, we thought we'd say hi and send some mobile billboards to the summit, to remind attendees what ESG *actually* stands for:

washingtontimes.com/news/2023/may/…
"ESG" stands for Erasing Savings & Growth: Image
"ESG" stands for Elitists, Socialists and Grifters: Image
Read 5 tweets
Will Hild Profile picture
Mar 23, 2023
TikTok CEO Shou Zi Chew likely just lied to Congress, claiming that TikTok's parent company is not "owned or controlled" by the Chinese Communist Party.

There's strong evidence to the contrary, allow me to explain: 🧵
ByteDance was founded in 2012, incorporated in the Cayman Islands and headquartered in China.

It was created by two college roommates who attended Nankai University, a Chinese university overseen by the CCP's Ministry of Education.
Zhang Yiming, one of the co-founders of ByteDance, served as CEO from 2012 - 2021.

Then, in 2021, Yiming suddenly stepped down and the other co-founder, Liang Rubo, assumed the CEO role.

That same year Chew Shou Zi (current CEO of TikTok) joined the company as ByteDance's CFO.
Read 9 tweets
Will Hild Profile picture
Mar 21, 2023
BREAKING: 16 AGs, led by Utah AG @SeanReyesUT, have sent a letter to the the Treasury, Federal Reserve, FDIC and Comptroller of the Currency accusing them of contributing to the collapse of SVB by prioritizing the ESG agenda over sound banking practices.

foxnews.com/politics/biden…
As the situation continues to unfold regarding the collapse of the Silicon Valley Bank, one thing remains clear, businesses that are focused on ESG investing and woke capitalism are putting their consumers at high financial risk.
SVB unapologetically put environmental activism and identity politics over risk management, which led to its demise.
Read 5 tweets

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