May, 20 2020, 12:00am EDT
Rep Garcia, Sen Whitehouse, Indigenous and Community Leaders Call Out BlackRock on Climate Deception
Virtual People’s Assembly on eve of BlackRock AGM lays out case that BlackRock is not holding to its climate commitments.
WASHINGTON
Today, Congressman Jesus "Chuy" Garcia (D-IL), Senator Sheldon Whitehouse (D-RI), NYC Comptroller Scott Stringer, and Indigenous and community leaders from the U.S., Brazil, and Liberia called out BlackRock for failing to keep its promises to center climate in its business model. Gathering online for a "People's Assembly" on the eve of the company's annual general meeting (AGM), speaker after speaker, many of whom have attended the AGM in person in previous years, pointed out ways in which BlackRock has fallen far short of the mark it set for itself in January and laid out priorities and questions BlackRock must address during its yearly shareholder meeting on Thursday.
"We know BlackRock understands the massive systemic risks climate change presents to our financial system. BlackRock is among the chorus of big investors, central banks, and top economists warning of dire financial consequences," said Senator Whitehouse. "BlackRock now needs to get serious about the fossil fuel companies in which it has a big ownership stake. Marathon Petroleum obstructs climate action, and BlackRock does nothing; Exxon provides bogus climate reports, and BlackRock does nothing. That lassitude has to stop."
Indigenous and community leaders spoke to the hundreds of attendees about rampant deforestation, land grabbing, pollution, and human rights violations happening in their communities, all propped up by BlackRock's investments.
"BlackRock is investing in companies that are actively causing environmental destruction, pollution, social conflicts, and human rights violations across Indonesia," said Bayu Herinata, Director of Education and Organizing with WALHI in Indonesia "We are calling on BlackRock to live up to its promises on climate and sustainability by ending its investments in companies that destroy the environment and violate human rights. If BlackRock cannot commit to taking responsibility and carrying out its obligations then we ask BlackRock to get out of Indonesia entirely."
Also among the speakers was Rachel Rivera from New York City who spoke about surviving Hurricane Sandy. She called on BlackRock to stop investing in the companies that are causing climate change impacts like hurricanes. Ali Kaba of the Sustainable Development Institute in Liberia talked about how consent from indigenous communities is absolutely necessary before any business activity can take place on their territory, and not go forward if they don't consent.
"BlackRock's nominal commitments to sustainability and human rights are completely antithetical to the billions of dollars it has invested in the industries currently destroying the Amazon rainforest and violating indigenous rights there," said Leila Salazar-Lopez, Executive Director of Amazon Watch. "If BlackRock is serious about 'fundamentally reshaping finance to deal with climate change', it needs to STOP FINANCING the fossil fuel and agribusiness industries most responsible for driving it."
Congressman Garcia and Senator Whitehouse were joined by New York City Comptroller Scott Stringer and Diana Best, Senior Strategist for the Sunrise Project, to discuss the long term implications of BlackRock gaining power and influence during the Covid-19 recovery, and solutions that BlackRock needs to implement to live up to its climate rhetoric.
"COVID-19 is a national tragedy, not an opportunity to consolidate corporate power and reward the wealthy. While my constituents struggle to pay rent and put food on the table, the Federal Reserve is enabling greedy corporations like BlackRock to make a profit off the backs of working families during this global health pandemic," said Congressman Jesus "Chuy" Garcia. "BlackRock was hired to help stabilize our economy, instead, the Fed's contract with the company allows it to further consolidate its own market power at the expense of families who are struggling to get by. The company claims to be a steward of our climate, but invests deeply in the fossil fuel industry. It's clear the Trump Administration is exploiting this pandemic to reward politically connected shadow banks, fossil fuel companies, and major campaign contributors and the public should be outraged."
The Sunrise Project grows social movements to drive the transition from fossil fuels to renewable energy as fast as possible.
LATEST NEWS
State of Emergency Declared After Cargo Ship Destroys Baltimore Bridge
Maryland Congressman Jamie Raskin said he was "deeply concerned for the safety and well-being of everyone affected by the collapse of the Francis Scott Key Bridge in Baltimore."
Mar 26, 2024
This is a developing story... Please check back for possible updates...
A state of emergency was declared in Maryland early Tuesday morning after a large cargo ship slammed into the Francis Scott Key Bridge in Baltimore leading to its total collapse and sending a still unverified number of vehicles and people into the Patapsco River.
As the Baltimore Sunreports:
In a Tuesday morning news conference, just a few hours after the incident, Baltimore Fire Department Chief James Wallace said authorities are "still very much in an active search and rescue posture" noting they are searching for "upwards of seven individuals" and that sonar has detected the presence of vehicles in the water. There is no indication that the event was intentional, Wallace said.
"This is a tragedy that you could never imagine … It looked like something out of an action movie," Mayor Brandon Scott said.
The terrifying footage of the bridge's collapse—which CNN correspondent Omar Jimenez commented was "almost unbelievable" to watch—is circulating widely on news channels and social media:
This video is almost unbelievable. The Francis Scott Key Bridge in Baltimore literally collapsed this morning after it was struck by this large ship. pic.twitter.com/rYuy4U2r7H
— Omar Jimenez (@OmarJimenez) March 26, 2024
U.S. Transportation Secretary Pete Buttigieg said Tuesday that he had spoken with Mayor Scott and well as Maryland Governor Wes Moore and was helping to coordinate federal assistance.
"Rescue efforts remain underway and drivers in the Baltimore area should follow local responder guidance on detours and response," said Buttigieg.
Moore said in a statement he had declared a state of emergency and that work was underway to "quickly deploy federal resources" to the area.
"We are thankful for the brave men and women who are carrying out efforts to rescue those involved and pray for everyone's safety," said Moore. "We will remain in close contact with federal, state, and local entities that are carrying out rescue efforts as we continue to assess and respond to this tragedy."
Kevin Cartwright of the Baltimore Fire Department told CNN that the number of missing people may be higher than reported in other outlets. "Unfortunately," said Cartwright, "we understand that there were up to 20 individuals who may be in the Patapsco River right now as well as multiple vehicles."
Early reporting indicated that no crew members aboard the container ship, which sails under a Singapore flag, were injured or missing. A local harbor pilot was also said to be on board at the time of the crash.
"Deeply concerned for the safety and well-being of everyone affected by the collapse of the Francis Scott Key Bridge in Baltimore," said Rep. Jamie Raskin (D-Md.) following the accident. "I'm profoundly thankful to first responders on the scene and will track rescue efforts by local, state, and federal authorities."
Keep ReadingShow Less
Grave 'Threat to Journalists' Remains as UK Court Delays Assange Extradition Ruling
"The Biden administration should take the opportunity to drop this dangerous case once and for all," said the executive director of the Freedom of the Press Foundation.
Mar 26, 2024
The United Kingdom's High Court ruled Tuesday that WikiLeaks founder Julian Assange cannot immediately be extradited to the United States and gave the Biden administration three weeks to provide "assurances" that the publisher's First Amendment rights will be protected and that he won't face the death penalty.
If the U.S. does not provide the requested assurances, Assange will be allowed to pursue a limited appeal of his extradition. Should the U.S. submit assurances by the April 16 deadline, a hearing will be held on May 20 to determine whether they are "satisfactory."
Assange, whose health has deteriorated badly during his five years in a high-security London jail, faces 17 counts of violating the Espionage Act and a possible 175-year prison sentence in the U.S. for publishing classified information—a common journalistic practice. WikiLeaks disclosures exposed grave U.S. and U.K. war crimes in Iraq and Afghanistan.
Press freedom and human rights groups say the extradition of Assange to the U.S. would set a dangerous precedent and pose a dire threat to journalism everywhere.
Trevor Timm, executive director of the Freedom of the Press Foundation, said in a statement Tuesday that "we are glad Julian Assange is not getting extradited today."
"But this legal battle is far from over, and the threat to journalists and the news media from the Espionage Act charges against Assange remains," said Timm. "Assange's conviction in American courts would create a dangerous precedent that the U.S. government can and will use against reporters of all stripes who expose its wrongdoing or embarrass it. The Biden administration should take the opportunity to drop this dangerous case once and for all."
"It's long past time for the U.S. Justice Department to abandon the Espionage Act charges and resolve this case."
The U.S., which has been aggressively pursuing Assange's extradition for years, previously provided the U.K. government with assurances that Assange would not be held at a supermax prison that's notorious for its inhumane treatment of inmates.
Human rights groups have said such assurances from the U.S. government are "inherently unreliable" and should not be taken seriously by British authorities.
"While the U.S. has allegedly assured the U.K. that it will not violate Assange's rights, we know from past cases that such 'guarantees' are deeply flawed—and the diplomatic assurances so far in the Assange case are riddled with loopholes," noted Simon Crowther, legal adviser at Amnesty International.
"The U.S. must stop its politically motivated prosecution of Assange, which puts Assange and media freedom at risk worldwide," Crowther said Tuesday. "In trying to imprison him, the U.S. is sending an unambiguous warning to publishers and journalists everywhere that they too could be targeted and that it is not safe for them to receive and publish classified material—even if doing so is in the public interest."
Jameel Jaffer, executive director of the Knight First Amendment Institute at Columbia University, echoed that message, saying in a statement that "prosecuting Assange for the publication of classified information would have profound implications for press freedom, because publishing classified information is what journalists and news organizations often need to do in order to expose wrongdoing by government."
"It's long past time for the U.S. Justice Department to abandon the Espionage Act charges and resolve this case," said Jaffer.
Keep ReadingShow Less
Sanders Rips 'Absurd' US Claim That Israel Is Not Violating International Law
"The State Department's position makes a mockery of U.S. law and assurances provided to Congress," said Sen. Bernie Sanders.
Mar 26, 2024
Sen. Bernie Sanders on Monday said the U.S. State Department's determination that Israel is not violating international law with its assault on the Gaza Strip is "absurd on its face," pointing to the mass death, destruction, and starvation that Israeli forces have inflicted on the territory's population over the past six months.
"Thirty-two thousand Palestinians in Gaza have been killed and almost 75,000 injured, two-thirds of whom are women and children," Sanders (I-Vt.) said in a statement. "Some 60% of the housing units have been damaged or destroyed, and almost all medical facilities have been made inoperable. Today, hundreds of thousands of Palestinian children are facing starvation because [Israeli Prime Minister Benjamin] Netanyahu won't let in sufficient humanitarian aid, while thousands of trucks are waiting to get into Gaza."
"The State Department's position," said Sanders, "makes a mockery of U.S. law and assurances provided to Congress."
The senator's statement came after State Department spokesperson Matthew Miller told reporters during a press briefing earlier Monday that the Biden administration has not found Israel "to be in violation of international humanitarian law, either when it comes to the conduct of the war or when it comes to the provision of humanitarian assistance."
Miller was responding to a question about assurances the administration has received from the Israeli government that its use of American weaponry has complied with international law and that it has permitted U.S. humanitarian aid to enter Gaza, where the entire population is facing acute hunger.
Under a new Biden administration policy known as NSM-20, recipients of American military aid are required to provide the U.S. government with "credible and reliable" written assurances that they are using such assistance "in a manner consistent with all applicable international and domestic law and policy."
Late last week, a group of U.S. senators—including Sanders—warned the Biden administration that deeming Israeli assurances credible would "be inconsistent with the letter and spirit of NSM-20" and "establish an unacceptable precedent" for the application of the policy "in other situations around the world."
"Until Biden is ready to impose real policy consequences on Netanyahu's government, the famine will continue."
It is a violation of U.S. law to continue sending military assistance to a country that is obstructing the delivery of American humanitarian aid. Last month, far-right Israeli Finance Minister Bezalel Smotrich blocked a U.S.-funded flour shipment from entering the Gaza Strip, and Israeli forces have repeatedly fired on convoys attempting to deliver aid to desperate Gazans.
Prominent human rights groups have been calling on the U.S. to impose an arms embargo on Israel for months, pointing to documented examples of the Israeli military using American weaponry to commit atrocities in Gaza.
But the Biden administration has refused to even apply concrete restrictions on American military aid. Over the weekend, U.S. President Joe Biden signed into law a measure that approves $3.8 billion in unconditional military assistance for the Israeli government and imposes a one-year ban on funding for the primary humanitarian aid organization in Gaza.
Jeremy Konyndyk, the president of Refugees International and a former USAID official, said Monday that Israel's assurances to the U.S. are "not remotely credible" and argued the Biden administration is undermining efforts to combat the worsening humanitarian crisis in Gaza by accepting the Israeli government's claims.
The U.S., he said, is "talking a big game about fighting the famine that its bombs and diplomatic cover have helped create." Resorting to "gimmicky" efforts such as airdrops and temporary ports while a U.S. ally obstructs humanitarian aid "is not how you fight a famine," Konyndyk argued.
"Fundamentally Biden must choose: between continuing to enable Netanyahu, or ending the famine. There's no way to split the difference," said Konyndyk. "Until Biden is ready to impose real policy consequences on Netanyahu's government, the famine will continue."
Keep ReadingShow Less
Most Popular