May, 23 2019, 12:00am EDT
For Immediate Release
Contact:
Myriam Fallon, 708.546.9001, myriam@sunriseproject.net Â
Gabby Brown, 914.261.4626, gabby.brown@sierraclub.org
BlackRock CEO Larry Fink Faces Protest at Annual Shareholder Meeting for Lack of Action on Climate Change
Leaders from around the world came to New York to demand expedited action but several were denied entry to meeting despite holding proxies from shareholders
WASHINGTON
Today, BlackRock CEO Larry Fink faced criticism from community leaders, researchers, and legal experts at the company's annual general meeting (AGM). During the meeting speakers from the Amazon and the U.S. called out Fink for the fact that his rhetoric on climate change does not match BlackRock's actions, while others from India, the Philippines, and the U.S. were denied entry into the meeting. BlackRock continues to be the largest global investor in coal, oil, and gas extraction, as well as companies building new coal plants, and is one of the largest investors in rainforest destruction. BlackRock has also failed to use its influence as a shareholder to push polluters to do better.
"Brazilian indigenous peoples and lands are under immense threat from the beef and soy industries working hand in glove with the Bolsonaro regime to undermine protections that keep our forests standing and our climate stable," said Luiz Eloy Terena, legal counsel for the National Indigenous Organization of Brazil (APIB for its Portuguese acronym) and member of the Terena People, who was able to speak directly to Fink inside the AGM. "When BlackRock funnels investments to these bad actors in Brazil, it is complicit in the destruction of tropical forests and violation of human rights. BlackRock must use its significant influence over these companies to signal that it will not tolerate policies that violate indigenous rights and damage the climate.
During the AGM Terena asked Fink for an audit of the activities of agribusiness companies operating in indigenous territories in Brazil that BlackRock invests in, but Fink refused to respond. Those denied entry to the AGM joined 45 people with New York Communities for Change, Friends of the Earth, Sierra Club, 350, Mothers out Front, and Extinction Rebellion who were gathered outside the meeting to protest. BlackRock has recently been facing increasing criticism for its insufficient actions to address the company's role in the climate crisis, despite Fink's claims about the importance of sustainability and social responsibility. Groups have called on the company to take three main courses of action:
- Begin to shift client investments away from fossil fuels and companies driving deforestation, starting with divesting from coal in actively managed funds
- Rigorously push the companies it owns to align emissions with a 1.5 C world
- Escalate accountability on industry laggards through transparent shareholder engagement, and support key climate shareholder resolutions and board of directors votes
"This is Fink's way of dealing with the climate crisis, block and ignore the stories of those impacted by BlackRock's investments," said Aaron Pedrosa, lawyer and Secretary-General for Sanlakas, who was denied entry to the AGM. "The Philippines is a climate change hotspot consistently figuring in Top 10 of the world's most vulnerable to climate impacts. The influx of more coal investments, with BlackRock as the leading coal investor, glosses over this life-and-death reality. With billions worth of coal investments in the Philippines, Black Rock has the choice to either stop killing our communities or keep funding destruction, death and violence. The decision to fund coal is blood on Black Rock's hands."
Pedrosa noted that the aggressive push of more coal projects by the Duterte Government is aggravating the situation on the ground. In July 2016, Gloria Capitan, an anti-coal advocate in Bataan was shot dead by still unidentified gunman. In December of 2017, Datu Victor Danyan and 7 other indigenous people in Lake Sebu, South Cotabato were killed in what the military claims to be an encounter. Datu Victor and his T'boli-Manobo tribe have been opposing the operation of a coal mine and coffee plantation in their ancestral domain. In 2018, the Philippines has been named by Global Witness as the deadliest place for land and environmental defenders in Asia and second in the world.
Also in at the AGM were former New York State Comptroller Tom Sanzillo, Mary Cerulli from Mothers Out Front, Rachel Rivera from New York Communities for Change, Greenpeace Senior Finance Campaigner focussing on the Indian coal sector Ashish Fernandes, and Amazon Watch's Finance Campaign Director Moira Birss.
"BlackRock is one of the largest global investors in fossil fuels and the dirtiest utilities in the United States. Counter to its talk, BlackRock's actions stand in the way of an equitable transition to clean energy and a livable climate for all children," said Mary Cerulli of Mothers Out Front. "Climate change represents a systemic risk to the economy, and it's long past time for asset managers like BlackRock to take action to address that risk."
New analysis from the BlackRock's Big Problem campaign highlight one aspect of the troubling investment practices spoken about during the meeting by revealing that BlackRock's suite of "sustainable" funds are more greenwash than climate friendly. The research, released this week, examined the equity Environment Social and Governance ("ESG") exchange traded funds marketed by BlackRock in the US and found over $423 million is invested in fossil fuel companies and over $29 million invested in agribusinesses driving deforestation around the world.
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Democrat Eva Burch Shares With Arizona Senate Her Plans to Get an Abortion
"I stand with those who have had to grapple with and navigate Arizona's restrictive laws surrounding abortion," the state senator said. "I'm with them. I appreciate them. I am them."
Mar 18, 2024
As Arizonans prepare for a potential vote on an abortion rights ballot measure, Democratic state Sen. Eva Burch on Monday took to the chamber's floor to announce that she plans to terminate her current pregnancy, explain why, and condemn harmful restrictions.
"A few weeks ago, I learned that against all odds, I am pregnant," said Burch (D-9). "Many of you know that I've had kind of a rough journey with fertility. I had my first miscarriage more than 13 years ago, and I have been pregnant many times. Since then, twice, I was lucky enough to successfully carry to term and I have two beautiful healthy little boys."
"But two years ago, while I was campaigning for this Senate seat, I became pregnant with what we later determined was a nonviable pregnancy. It was a pregnancy that we had been trying for, and we were heartbroken over it," she continued, referencing an abortion she has previously discussed publicly. "After numerous ultrasounds and blood draws, we have determined that my pregnancy is once again not progressing and is not viable And once again, I have scheduled an appointment to terminate my pregnancy."
"My experiences in this space, both as a provider and as a patient, have led me to believe that this Legislature has failed the people of Arizona."
Burch, who has worked as an emergency nurse and a nurse practitioner in a women's health clinic, stressed that "I don't think people should have to justify their abortions but I'm choosing to talk about why I made this decision because I want us to be able to have meaningful conversations about the reality of how the work that we do in this body impacts people in the real world."
After acknowledging some of the risks of pregnancy and that she accepted them to carry her two sons, she said: "I don't know how many of you have been unfortunate enough to experience a miscarriage before but I am not interested in going through it unnecessarily. And right now, the safest and most appropriate treatment for me and the treatment that I choose is abortion."
The Democrat then took aim at the Arizona Legislature for passing laws that restrict access to care for people like her. The state bans most abortions after 15 weeks, imposes a 24-hour waiting period between in-person counseling containing misinformation and the procedure, and forces patients to get medically unnecessary ultrasounds.
Detailing her trip to an abortion clinic on Friday, Burch said:
I didn't have an ultrasound because my doctor thought I needed one. I had one because legislation has forced me to do that, an invasive transvaginal ultrasound that I didn't want or need to have, performed by someone who didn't want to have to do it. I am safe and loved and protected in my marriage. But I cannot imagine how inappropriate that would be for a victim of sexual assault or for someone who has an abusive or coercive relationship with their partner—another unwanted vaginal penetration, but this time by the state, by the people who are commissioned to protect us.
Then I got to sit through an exhaustive list of absolute disinformation that was read off to me. I was told that there were alternatives to abortion, parenting or adoption among them, as if delivering a healthy baby is an option for me. It is not. My medical provider was forced to tell me multiple things that don't apply to my situation, and some that are just transparently factually false. And they do this because of laws passed by this Legislature in opposition to medical expert testimony and advice. From where I sat, the only reason I had to hear those things was in a cruel and really uninformed attempt by outside forces to shame and coerce and frighten me into making a different decision other than the one that I knew was right for me.
Burch explained that "the last time that I had an abortion, I started to miscarry that night before it was scheduled to take place. And I was denied a procedure in the hospital because I was deemed not critical enough, in spite of the fact that my embryo had died, and that my miscarriage had stalled."
"The clauses for emergencies aren't good enough. These laws can serve to intimidate doctors and it muddies the waters when they're trying to make complex decisions in situations that are really volatile," she argued. "I had been bleeding and passing huge clots for hours, but I wasn't bleeding out. And I was still pregnant. So I was offered medication to make me start bleeding again and told that I could have a procedure when I had bled enough. A waiting period is often totally inappropriate and potentially dangerous."
The lawmaker got an abortion at the clinic the following day—just two weeks before the right-wing majority of the U.S. Supreme Court reversedRoe v. Wade in June 2022, setting off a new wave of efforts by state legislators to pass forced-pregnancy legislation.
Burch highlighted some negative impacts of being denied an abortion—from heightened risks of domestic violence and eviction to long-term health consequences. She also noted the "sensitive feelings surrounding pregnancy" and "philosophical questions that people cannot agree on," while stressing that decisions should be made by patients and providers.
"My experiences in this space, both as a provider and as a patient, have led me to believe that this Legislature has failed the people of Arizona, in the laws that restrict and dictate abortion and in the resources that it cuts and strangles and denies at every opportunity," she said of her time in the state Senate. "Our decision-making should be grounded in expert testimony and in consensus from both the medical community and from constituents, and free from political posturing and partisan bias, but that's not what I see happening."
"So I truly hope that Arizonans have the opportunity to weigh in on abortion on the ballot in November. We know that the majority of Arizonans support the right to abortion and if we can't operate in that reality in this chamber, then it is critical that everyone have the opportunity for their voices to be heard elsewhere," she concluded. "I stand with those who have had to grapple with and navigate Arizona's restrictive laws surrounding abortion at a time when the decisions being made were complicated enough. I'm with them. I appreciate them. I am them."
Among those who praised her 10-minute speech was Sam Paisley, national press secretary of the Democratic Legislative Campaign Committee (DLCC), which works to elect state lawmakers in the party.
"Arizona Sen. Eva Burch sharing her decision to get an abortion is the epitome of courage," said Paisley. "No woman should have to go through the emotional and physical hurdles she described—Arizona Republicans have passed unnecessary burdens on abortion care that put women in danger. Sen. Burch's story is powerful, but it is sadly not unique—patients across Arizona have to jump through hoops to get the care they need."
"There are very real, and sometimes even deadly, consequences to the attacks on reproductive freedom that Republicans across the country have launched," Paisley added. "The DLCC commends Sen. Burch for her advocacy and stands ready to defeat alarming GOP extremism in state legislatures in Arizona and across the country."
Jodi Liggett, founder of the Arizona Center for Women's Advancement, similarly said on social media: "Today, Sen. Eva Burch shared her heart-wrenching story of nonviable pregnancy. AZ laws... have complicated her access to care. Her situation is one of thousands; personal and complicated. Conservatives, butt out and let patients and doctors handle these decisions. Privately."
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EPA Announces 'Long-Overdue' Asbestos Ban
"Today's EPA rule to ban the use of chrysotile asbestos is a groundbreaking, landmark protection," said AFL-CIO president Liz Shuler. "Unions have been sounding the alarm on this dangerous substance for decades."
Mar 18, 2024
Labor and environmental advocates on Monday applauded the Environmental Protection Agency for finalizing a ban on the last remaining type of asbestos used in the United States eight years after Congress amended the nation's chemical safety law to accelerate the phaseout of the carcinogenic substance.
The EPA announced a final rule to prohibit ongoing uses of chrysotile asbestos, which is found in a wide range of products including asbestos diaphragms, sheet gaskets, brake blocks, and aftermarket automotive brakes and linings. In a rare display of election-year bipartisanship, Congress voted nearly unanimously in 2016 to amend the Toxic Substances Control Act to update and strengthen the nation's chemical safety laws.
"Today's rule is a positive first step to give all Americans a future free of exposure to asbestos—a carcinogen that has killed far too many."
Asbestos exposure can cause mesothelioma as well as laryngeal, lung, and ovarian cancer. Banned in more than 50 countries, the substance is linked to more than 40,000 U.S. deaths each year.
"The science is clear—asbestos is a known carcinogen that has severe impacts on public health," said EPA Administrator Michael Regan. "President [Joe] Biden understands that this concern has spanned generations and impacted the lives of countless people. That's why EPA is so proud to finalize this long-needed ban on ongoing uses of asbestos."
The Congressional Progressive Caucus said on social media that "this new asbestos ban is long-overdue and will save thousands of lives."
U.S. Sen. Jeff Merkley (D-Ore.) said in a statement that "today's rule is a positive first step to give all Americans a future free of exposure to asbestos—a carcinogen that has killed far too many."
"An immediate ban on the import of chrysotile asbestos for the chlor-alkali industry is a long-overdue step forward for public health," he added.
Liz Shuler, president of the AFL-CIO union, hailed the EPA's "groundbreaking, landmark protection," adding that "unions have been sounding the alarm on this dangerous substance for decades."
Green groups echoed labor unions in welcoming the EPA move. Environmental Working Group senior vice president Scott Faber said that "it's been more than 50 years since EPA first sought to ban some uses of asbestos and we're closer than ever to finishing the job."
"For too long, polluters have been allowed to make, use, and release toxins like asbestos and PFAS without regard for our health," Faber added, referring to per- and polyfluoroalkyl substances, commonly called forever chemicals. "Thanks to the leadership of the Biden EPA, those days are finally over."
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US State Department Claims It Hasn't Seen Reports of Israel Torturing UNRWA Staff
"The U.S. cut funding to a vital aid agency during a crisis, but isn't up to speed on reports that directly impact that funding?" asked one observer.
Mar 18, 2024
A Biden administration spokesperson on Monday attempted to avoid addressing allegations by employees of the United Nations agency for Palestinian refugees that they were tortured while in Israeli detention by claiming the U.S. State Department has not seen any media reporting on the accusations.
Ryan Grim, The Intercept's Washington, D.C. bureau chief, asked deputy State Department spokesperson Vedant Patel if he believes the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) staff members who say they were tortured by Israeli interrogators into making false confessions about involvement with the Palestinian militant group Hamas, which led the October 7 attacks on Israel. Israeli officials claimed that at least 12 out of UNRWA's 13,000 staff in Gaza had ties to Hamas and October 7.
"The U.S. cut funding to a vital aid agency during a crisis, but isn't up to speed on reports that directly impact that funding?"
"When you originally talked about the allegations against the 12 staff, you have said that UNRWA itself was the one who forwarded those allegations alone. You said you found them credible, but since then UNRWA itself has said that its staff were tortured by Israel in order to get some of those confessions extracted," said Grim. "Does that change your view of the evidence that was presented by Israel, and if UNRWA was credible enough for you believe the allegations the first time, is UNRWA credible enough when they make an allegation of torture against its staff?"
Patel replied, "I've not seen that reporting, Ryan," adding that "we continue to find the allegations that were laid out a number of months ago to be credible."
The U.S. and more than a dozen other nations suspended funding for UNRWA in the wake of the Israeli allegations. In what UNRWA Commissioner-General Philippe Lazzarini later called an act of "reverse due process," the agency terminated nine employees in response to Israel's claims, despite admitting to having no evidence to support their firing.
The European Union and nations including Canada, Sweden, and Australia subsequently reinstated funding for UNRWA, which Lazzarini said "is facing a deliberate and concerted campaign to undermine its operations."
The controversy over UNRWA has unfolded as the agency struggles to provide shelter and humanitarian aid to Gazans, who are suffering not only Israeli bombs and bullets but also a genocidal siege and blockade that are exacerbating growing famine in the embattled enclave.
U.S. Sen. Chris Van Hollen (D-Md.) this week called Israeli claims that UNRWA is a Hamas proxy a "flat-out lie."
"If you cut off funding for UNRWA in Gaza entirely, it means more people will starve, more people won't get the medical assistance they need, and so it would be a huge mistake," the senator warned.
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