While most of the world’s population has been suffering from the impact of the global energy crisis, it hasn’t been bad news for everyone.
Most people are bewildered by what is behind the energy crisis.
Prices for oil, gas, and coal have been simultaneously soaring around the world.
The issue has forced the closure of major industrial plants producing everyday products such as chemicals, aluminum, or steel.
Democrat President Joe Biden’s administration and the European Union have insisted that all is because of Putin and Russia’s military actions in Ukraine.
This is not the case, however.
The energy crisis is a long-planned strategy of Western corporate and political circles to dismantle industrial economies to advance the dystopian green agenda of globalist entities such as the World Economic Forum (WEF).
Despite the Democrats’ “Putin Price Hike” narrative that’s peddled by the corporate media, the energy crisis was initiated well before February 2022, when Russia launched its military action in Ukraine.
In January 2020, on the eve of the economically and socially devastating Covid lockdowns, Larry Fink of BlackRock, the CEO of the world’s largest investment fund, issued a letter to Wall Street colleagues and corporate heads regarding the future of investment flows.
The document was modestly titled “A Fundamental Reshaping of Finance.”
Fink, who manages the world’s largest investment fund with some $7 trillion then under management, announced a radical departure from corporate investment.
Money would “go green.”
In his closely-followed 2020 letter, Fink declared:
“In the near future – and sooner than most anticipate – there will be a significant re-allocation of capital… Climate risk is investment risk.”
“Every government, company, and shareholder must confront climate change,” he added.
In a separate letter to BlackRock investor clients, Fink delivered the new agenda for capital investing.
He declared that BlackRock would exit certain high-carbon investments such as coal, the largest source of electricity for the USA and many other countries.
He added that BlackRock would screen new investments in oil, gas, and coal to determine their adherence to the “sustainability” targets of the WEF’s Agenda 2030.
Fink made clear the world’s largest fund would begin to disinvest in oil, gas, and coal, writing:
“Over time, companies and governments that do not respond to stakeholders and address sustainability risks will encounter growing skepticism from the markets, and in turn, a higher cost of capital.”
“Climate change has become a defining factor in companies’ long-term prospects… we are on the edge of a fundamental reshaping of finance,” he added.
From that point on the so-called Environmental, Social, and Governance (ESG) investing, penalizing CO2 emitting companies like ExxonMobil, has become all the fashion among hedge funds and Wall Street banks and investment funds including State Street and Vanguard.
Such is the power of BlackRock, Fink was also able to get four new board members in ExxonMobil committed to end the company’s oil and gas business.
The January 2020 Fink letter was a declaration of war by big finance against the conventional energy industry.
BlackRock was a founding member of the Task Force on Climate-related Financial Disclosures (the TCFD) and is a signatory of the UN PRI— Principles for Responsible Investing.
UN PRI is a United Nation-led network of investors pushing “zero carbon” investing using the highly corrupt ESG criteria in investment decisions.
There is no objective control over fake data for a company’s ESG.
BlackRock also signed the Vatican’s 2019 statement advocating carbon pricing regimes.
In 2020, BlackRock also joined Climate Action 100, a coalition of almost 400 investment leaders managing a total of US$40 trillion.
With that fateful January 2020 CEO letter, Larry Fink set in motion a colossal disinvestment in the trillion-dollar global oil and gas sector.
Notably, that same year BlackRock’s Fink was named to the Board of Trustees of Klaus Schwab’s dystopian World Economic Forum, the corporate and political nexus of the Zero Carbon UN Agenda 2030.
In June 2019, the WEF and the UN signed a strategic partnership framework to accelerate the implementation of the 2030 Agenda.
WEF has a Strategic Intelligence platform which includes Agenda 2030’s 17 Sustainable Development Goals.
In his 2021 CEO letter, Fink doubled down on the attack on oil, gas, and coal.
“Given how central the energy transition will be to every company’s growth prospects, we are asking companies to disclose a plan for how their business model will be compatible with a net zero economy,” Fink wrote.
Another BlackRock officer told a recent energy conference, “Where BlackRock goes, others will follow.”
In just two years, by 2022 an estimated $1 trillion has exited investment in oil and gas exploration and development globally.
Oil extraction is an expensive business and the cut-off of external investment by BlackRock and other Wall Street investors spells the slow death of the industry.
Early in his then-lackluster presidential bid, Biden had a closed-door meeting in late 2019 with Fink.
Fink reportedly told Biden that, “I’m here to help.”
After his fateful meeting with BlackRock’s Fink, then-candidate Biden announced, “We are going to get rid of fossil fuels…”
In December 2020, even before Biden was inaugurated in January 2021, he named BlackRock Global Head of Sustainable Investing, Brian Deese, to be Assistant to the President and Director of the National Economic Council.
Here, Deese, who played a key role for Obama in drafting the Paris Climate Agreement in 2015, has quietly shaped the Biden admin’s war on energy.
This has been catastrophic for the oil and gas industry.
Fink’s man Deese was active in giving the new President Biden a list of anti-oil measures to sign by Executive Order beginning day one in January 2021.
That included closing the huge Keystone XL oil pipeline that would bring 830,000 barrels per day from Canada as far as Texas refineries.
The move also saw the halting of any new leases in the Arctic National Wildlife Refuge (ANWR).
Biden also rejoined the Paris Climate Accord that Deese had negotiated for Obama in 2015 and Trump canceled.
The same day, Biden set in motion a change for the so-called “Social Cost of Carbon.”
The plan imposes a punitive $51 a ton of CO2 on the oil and gas industry.
That one move, established under purely executive-branch authority without the consent of Congress, is dealing a devastating cost to investment in oil and gas in the US, a country only two years before that was the world’s largest oil producer.
Even worse, Biden’s aggressive environmental rules and BlackRock ESG investing mandates are killing the US refinery capacity.
It doesn’t matter how many barrels of oil you take from the Strategic Petroleum Reserve without refineries.
In the first two years of Biden’s presidency, the US has shut down some 1 million barrels a day of gasoline and diesel refining capacity.
It marks the fastest decline in US history.
The shutdowns are permanent, however.
In 2023, an added 1.7 million bpd of capacity is set to close as a result of BlackRock and Wall Street ESG disinvesting and Biden regulations.
In June 2022, citing the heavy Wall Street disinvestment in oil and Biden’s anti-oil policies, the CEO of Chevron declared that he doesn’t believe the US will ever build another new refinery.
Due to his position as a WEF board member, Fink has received the full support of the European Union for his plans.
The unelected leader of the EU, President of the EU Commission Ursula von der Leyen, also previously served on the WEF Board.
She left her role at the WEF in 2019 to become EU Commission head.
Her first major act in Brussels was to push through the EU Zero Carbon Fit for 55 agenda.
That has imposed major carbon taxes and other constraints on oil, gas, and coal in the EU.
This was well before the February 2022 Russian actions in Ukraine.
The combined impact of the Fink fraudulent ESG agenda in the Biden administration and the EU Zero Carbon madness creates the worst energy and inflation crisis in history.
READ MORE: King Charles Demands $5 Trillion per Year to Advance WEF’s ‘Net Zero’ Agenda
