[{"_id":"project-settings","settings":{"translateMetaTags":true,"translateAriaLabels":true,"translateTitle":true,"showWidget":true,"isFeedbackEnabled":false,"fv":1,"customWidget":{"theme":"dark","font":"rgb(255,255,255)","header":"rgb(0,0,0)","background":"rgba(0,0,0,0.8)","position":"right","positionVertical":"bottom","border":"","borderRequired":false,"widgetCompact":true,"isWidgetPositionRelative":false},"widgetLanguages":[],"activeLanguages":{"es":"Español","en":"English"},"enabledLanguages":["en","es"],"debugInfo":false,"displayBranding":true,"displayBrandingName":true,"localizeImages":false,"localizeUrls":false,"localizeImagesLimit":true,"localizeUrlsLimit":true,"localizeAudio":false,"localizeAudioLimit":true,"localizeDates":false,"disabledPages":[],"regexPhrases":[],"allowComplexCssSelectors":false,"blockedClasses":false,"blockedIds":false,"phraseDetection":true,"customDomainSettings":[],"seoSetting":[],"translateSource":false,"overage":false,"detectPhraseFromAllLanguage":false,"googleAnalytics":false,"mixpanel":false,"heap":false,"disableDateLocalization":false,"ignoreCurrencyInTranslation":false,"blockedComplexSelectors":[]},"version":7396},{"_id":"en","source":"en","pluralFn":"return n != 1 ? 1 : 0;","pluralForm":2,"dictionary":{},"version":7396},{"_id":"outdated","outdated":{"#África hoy sobre la privatización del agua en África con Shayda Naficy y Bode Olufemi”":1,"#El agua, un bien de lujo":1,"#Activistas se unen para detener la privatización del agua y el desarrollo urbano en la India":1,"#Crisis del agua en Lagos: Hoja de ruta alternativa para el sector público del agua":1,"#discharged in areas around Plymouth between December 2015 and January 2016.":1,"#10 million gallons of raw untreated sewage":1,"#Under Veolia’s operation of the city’s wastewater treatment system, over":1,"#“widespread supply cuts, bill irregularities, environmental hazards, and unkept commitments” under Veolia’s management, and ultimately the State decided to discontinue its contract with the Veolia-controlled utility.":1,"#alleged":1,"#managed the water utility. Government officials also":1,"#a Veolia subsidiary":1,"#, during the time":1,"#in 2004":1,"#A typhoid outbreak occurred":1,"#Gabon:":1,"#to a cheaper alternative, without the required state approval, and miscalculation related to chemicals used potentially led to a crisis that soon followed.":1,"#switched a corrosion control chemical":1,"#Under Veolia’s management, the city’s water authority":1,"#, where residents sued Veolia for alleged improper wastewater treatment. But some of the worst cases include:":1,"#Southwest San Diego County":1,"#, where residents sued the corporation and the city for violating constitutional rights by depriving customers of fluoridated drinking water, and in":1,"#In recent years, Veolia has faced lawsuits in":1,"#in revenue that it raked from its business across the globe last year. Without accounting for attorneys’ fees, this settlement would amount to about $2,000 per claimant from the corporation. Veolia also refused any legal admission of wrongdoing, noting in a press release that “[t]his final settlement is in no way an admission of responsibility…” This means there’s hardly anything barring it from doing the same to other communities.":1,"#nearly $50 billion":1,"#And Nayyirah’s right: the financial compensation does not make up for Veolia’s failure to sound the alarm about Flint’s water. Though the settlement amount may seem significant, Veolia is actually paying a meager amount – only about 0.1% of the":1,"#: “The fact that our community members could force Veolia to settle is a testament to their determination and the strength of their case. However, this settlement cannot undo Veolia’s abuses in Flint.”":1,"#put it succinctly":1,"#Reflecting on the outcome of the lawsuits, Nayyirah Shariff, Executive Director of Flint Rising,":1,"#, and beyond.":1,"#facing water injustices, and connected the dots between Veolia’s actions in Flint to":1,"#communities":1,"#to advocate for infrastructure funding and updated environmental regulations, organized in solidarity with other":1,"#federal action":1,"#actors that played a role in this crisis. And Flint Rising, a local grassroots group, has called for":1,"#corporate":1,"#government":1,"#For years, Flint residents have sued the":1,"#with about 26,000 Flint residents for $53 million. In exchange, the state agreed to drop its separate case against Veolia.":1,"#settlement":1,"#Eleven years on, the legal battles have started to come to a close. In February 2025, Veolia announced a":1,"#to distort and distract from the accusations related to its role in the crisis.":1,"#efforts":1,"#In the years since, Veolia has poured money into dubious":1,"#with the city.":1,"#chased other lucrative contracts":1,"#to drink. All the while, Veolia":1,"#told Flint residents their water was safe":1,"#the potential for lead contamination over email (which Corporate Accountability helped bring to light by digging through troves of court documents), Veolia":1,"#Veolia was brought in early during the crisis to assess Flint’s water system and failed to sound the alarm. After internally":1,"#higher risk of death from cardiovascular disease":1,"#early on-set dementia":1,"#. In general, lead exposure is also linked to the potential for":1,"#experience learning delays":1,"#still haven’t seen a penny of compensation from the legal settlements. Flint residents are still dealing with the long-term health impacts of the water contamination. Studies show that children who were exposed to lead during the crisis are more likely to":1,"#majority of residents":1,"#– and a":1,"#reliable access to clean, drinking water":1,"#To this day, Flint lacks":1,"#. What followed was a series of government failures and corporate abuse that exacerbated this public health and human rights disaster.":1,"#the switch of Flint’s water supply, which occurred":1,"#allowed":1,"#On April 25, 2014, Flint’s state-appointed emergency manager":1,"#First, Flint residents must receive their settlement funds swiftly so they can get the resources they need to deal with the impacts of the crisis. A vast <a ljsid-1=\"\">mayoría</a> still haven’t received a penny of settlement funds so far, including from the state of Michigan’s landmark $626 million settlement with residents. Recent reporting <a ljsid-3=\"\">suggests</a> that most residents will receive settlement checks this summer – over eleven years since the start of the crisis – with the highest payments going to child claimants who were aged 6 or under during the crisis and susceptible to developmental delays due to lead exposure.":1,"#after Veolia’s settlement announcement, “With billionaire CEOs at the highest levels of government, it’s more important than ever that we safeguard our most precious resource, and keep our communities’ water under community control.”":1,"#shared with reporters":1,"#As our Water Campaign Director, Neil Gupta,":1,"#, and around the world like":1,"#by mobilizing a group of residents, environmental activists, and labor leaders, who called attention to the dangerous track record of the private water industry and voiced opposition to these plans at City Council. And by building powerful coalitions, public water advocates have won similar victories in cities across the U.S. like":1,"#stopped a major water privatization threat":1,"#And it really is possible. Last year, we and our allies in Houston":1,"#to the state of Michigan:":1,"#three demands":1,"#legally accountable for their role in the crisis, the state can take steps to rectify its mistakes by addressing community needs, including Flint Rising’s":1,"#corporations":1,"#, such as Former Governor Rick Snyder, or":1,"#government actors":1,"#Second, we must listen to and mobilize to meet the needs of Flint residents. While Michigan has failed to meaningfully hold any of the":1,"#that most residents will receive settlement checks this summer – over eleven years since the start of the crisis – with the highest payments going to child claimants who were aged 6 or under during the crisis and susceptible to developmental delays due to lead exposure.":1,"#suggests":1,"#still haven’t received a penny of settlement funds so far, including from the state of Michigan’s landmark $626 million settlement with residents. Recent reporting":1,"#First, Flint residents must receive their settlement funds swiftly so they can get the resources they need to deal with the impacts of the crisis. A vast":1,"#unaffordable water bills, job losses, and poorer quality service":1,"#to privatize water systems. And while private water corporations line their coffers with public dollars, all too often, communities pay the price through":1,"#target cash-strapped cities":1,"#Across the globe, Veolia’s dangerous schemes have risked public access to clean and affordable water, one of our most essential resources. This story rings familiar for far too many. It is no coincidence that private water corporations often":1,"#Finally, as if BlackRock could use more arguments to win the 2022 Hall of Shame award, the company is also a beneficial shareholder for the large majority of other U.S. based Hall of Shame nominees. For example, BlackRock owns 6.9% of <a ljsid-1=\"\">Facebook</a>, 6.45% of <a ljsid-3=\"\">Coca Cola</a>, 5.7% of <a ljsid-5=\"\">Amazonas</a>, 6.4% of <a ljsid-7=\"\">LockHeed Martin</a>, 6% of <a ljsid-9=\"\">Philip Morris</a>, and 6.5% of <a ljsid-11=\"\">Cheurón.</a>":1,"#While we’ve only examined a few areas of the shameful impacts of BlackRock’s business operations, there are many more examples we could look at, ranging from <a ljsid-1=\"\">Big Tech hate profiteers</a> a <a ljsid-3=\"\">union-busting corporations</a> and much, much more. Where there is corporate-driven harm going on, you’ll almost always find BlackRock.":1,"#<strong ljsid-0=\"\">Industrias Presto Nacionales</strong>, which owns <a ljsid-2=\"\">AMTEC</a>, the “largest volume producer of 40mm Grenade Ammunition and Fuzing in the world” along with several other explosives manufacturers. BlackRock <a ljsid-4=\"\">owns</a> 12.52% of National Presto, a $67.9 million stake at the time of the most recent filing.":1,"#<strong ljsid-0=\"\">Corporación Olin</strong>, a manufacturer of ammunition and chemical products that also owns <a ljsid-2=\"\">Winchester Ammunition</a>, the largest manufacturer for small caliber ammunition for the United States military. BlackRock <a ljsid-4=\"\">owns</a> 10.4% of Olin, an $825.8 million stake at the time of the most recent filing.":1,"#BlackRock’s investments in weapons manufacturers also equip and profit from war machines across the world that create massive refugee crises. In yet another attempt to distance itself from the harm tied to its business operations, BlackRock just <a ljsid-1=\"\">announced</a> a new partnership with the International Rescue Committee (IRC) to help refugees displaced by war in Ukraine and Afghanistan. However, as <em ljsid-3=\"\">Código rosa</em> <a ljsid-5=\"\">reports</a>, BlackRock maintains sizable investments in some of the largest weapons manufacturers in the world who are directly profiting from arms sales tied to many of the wars that are creating refugee crises.":1,"#BlackRock’s support of police power in the United States extends far beyond just New York City. As <em ljsid-1=\"\">Código rosa </em>has <a ljsid-3=\"\">reported</a>, BlackRock is the largest shareholder in Axon, a nationwide supplier of tasers, body cameras, and surveillance software to police departments around the country. BlackRock holds <a ljsid-5=\"\">10.4%</a> of Axon’s stock, which currently amounts to over $600 million invested in the company. In addition to being the largest shareholder, former Chief Investment Officer at BlackRock, Matthew McBrady, has <a ljsid-7=\"\">served</a> on the board of Axon since 2016.":1,"#To start, BlackRock oversees one of the <a ljsid-1=\"\">world’s biggest</a> fossil fuel portfolios. It is a top owner of the world’s most powerful and <a ljsid-3=\"\">most polluting</a> oil and gas corporations – from <a ljsid-5=\"\">ExxonMobil</a> a <a ljsid-7=\"\">Cheurón</a> and from <a ljsid-9=\"\">ConocoPhillips</a> a <a ljsid-11=\"\">Marathon Petroleum</a>. It recently led a consortium of investors that plowed <a ljsid-13=\"\">$15.5 billion</a> into Aramco, Saudi Arabia’s state-owned oil and gas company – and one of the world’s dirtiest fossil fuel companies.":1,"#BlackRock, the world’s biggest asset management firm, has been nominated for the 2022 Corporate <a ljsid-1=\"\">Salón de la Vergüenza</a> by our friends at <a ljsid-3=\"\">Responsabilidad Corporativa</a>.":1,"#Corporate Accountability spends 90 percent of all contributions directly on programs, while less than 10 percent provide essential support services, resulting in the highest marks from rating agencies.":1,"#2025 financial report":1,"#Lea el informe breve para saber más.":1,"#Entonces, ¿por qué el mercado de carbono sigue siendo tan popular, a pesar de la creciente evidencia de que está fallando y presenta graves deficiencias?":1,"#El informe muestra que Brasil es solo un ejemplo de cómo las compensaciones de carbono y el mercado de carbono no constituyen una vía comprobada, significativa ni permanente para reducir las emisiones globales.":1,"#Esta investigación amplía el informe de Corporate Accountability <strong ljsid-1=\"\">“</strong><a ljsid-2=\"\"><strong ljsid-2-0=\"\">¿</strong>Diseñados para Fallar?</a>”, que reveló que, a pesar de las continuas “reformas” del MVC, más de 47,7 millones de créditos de compensación problemáticos fueron retirados a través de 43 de los mayores proyectos de compensación del mundo en 2024. Este volumen representa casi una cuarta parte de todo el mercado voluntario de carbono en 2024.":1,"#Muchos de los mayores proyectos de compensación en Brasil figuran entre los más grandes del Mercado Voluntario de Carbono (MVC)) a nivel global, incluido Pacajai REDD, clasificado como el séptimo proyecto más grande del mundo por créditos retirados en 2024.":1,"#Grandes corporaciones internacionales, incluidas BlackRock, Shell, Philip Morris y EY, retiraron créditos problemáticos asociados a estos proyectos en Brasil entre enero de 2024 y junio de 2025.":1,"#Verra, el mayor actor de la industria de compensaciones de carbono del mundo, alberga la mayoría de estos proyectos problemáticos en Brasil, representando 12,8 millones de compensaciones de carbono retiradas en este período.":1,"#Casi el 75% de los créditos provenientes de los 50 mayores proyectos de compensación de carbono retirados en Brasil entre enero de 2024 y junio de 2025 son “problemáticos” y no deberían considerarse confiables para lograr reducciones de emisiones.":1,"#Nuevos hallazgos examinan la naturaleza problemática de los mayores proyectos de compensación de carbono basados en Brasil, país anfitrión de las recientes negociaciones del tratado climático de la ONU de 2025 (COP30). La investigación sugiere que existe poca evidencia de que estos proyectos probablemente logren las reducciones de emisiones prometidas. Entre los hallazgos clave se ...":1,"#INFORME: Más del 70% de todos los créditos de carbono retirados recientemente en Brasil son problemáticos - Corporate Accountability":1,"#”, que reveló que, a pesar de las continuas “reformas” del MVC, más de 47,7 millones de créditos de compensación problemáticos fueron retirados a través de 43 de los mayores proyectos de compensación del mundo en 2024. Este volumen representa casi una cuarta parte de todo el mercado voluntario de carbono en 2024.":1,"#Diseñados para Fallar?":1,"#<strong ljsid-0=\"\">¿</strong>Diseñados para Fallar?":1,"#Esta investigación amplía el informe de Corporate Accountability":1,"#Entre los hallazgos clave se incluyen:":1,"#Nuevos hallazgos examinan la naturaleza problemática de los mayores proyectos de compensación de carbono basados en Brasil, país anfitrión de las recientes negociaciones del tratado climático de la ONU de 2025 (COP30). La investigación sugiere que existe poca evidencia de que estos proyectos probablemente logren las reducciones de emisiones prometidas.":1,"#Not mariaelena? <a ljsid-1=\"\">Click here</a>.":1,"#Welcome back, mariaelena!":1,"#CORPORATE ACCOUNTABILITY ANNUAL MEMBER SURVEY - Corporate Accountability":1,"#CORPORATE ACCOUNTABILITY ANNUAL MEMBER SURVEY":1,"#Esta investigación amplía el informe de Corporate Accountability “ <a ljsid-1=\"\">“Construido para fallar”,</a> que reveló que a pesar de las “reformas” en curso del VCM, más de 47,7 millones de créditos de compensación problemáticos se retiraron a través de 43 de los proyectos de compensación más grandes del mundo en 2024. Este volumen representa casi una cuarta parte de todo el VCM en 2024. Muestra que Brasil es solo un ejemplo de cómo las compensaciones de carbono y el mercado de carbono no son una vía probada, significativa y permanente para la reducción de las emisiones globales.":1,"#LETTER FROM THE<br ljsid-1=\"\">Director ejecutivo":1,"#de Vrinda Manglik":1,"#Pronouns: She/her or they/them":1,"#Google Analytics":1,"#Lidy Nacpil is an activist working on economic, environmental, social and gender justice issues in national, regional, and global campaigns. She is the coordinator of the Asian Peoples’ Movement on Debt and Development, co-coordinator of the Global Campaign to Demand Climate Justice, and member of the global Coordinating Committee of the Global Alliance on Tax ...":1,"#Lidy Nacpil - Corporate Accountability":1,"#Lidy Nacpil is an activist working on economic, environmental, social and gender justice issues in national, regional, and global campaigns. She is the coordinator of the Asian Peoples’ Movement on Debt and Development, co-coordinator of the Global Campaign to Demand Climate Justice, and member of the global Coordinating Committee of the Global Alliance on Tax Justice. She also serves as the convener of the Philippine Movement for Climate Justice and vice president of the Freedom from Debt Coalition.":1,"#Tens of thousands of people — including you! — <a ljsid-1=\"\">took action with us or gave a gift to challenge corporate abuse</a>. Your support made it possible to <a ljsid-3=\"\">redistribute hundreds of thousands of dollars to organizations</a> around the world who are directly impacted by and are organizing to challenge corporate power.":1,"#When you read the report, you’ll see just how pivotal you are in this movement to hold corporations accountable for the harms they are causing.":1,"#This is just a snapshot of the impact that we’ve had together this year. You can read more about what you’ve made possible in the <a ljsid-1=\"\">2022 Annual Report</a>.":1,"#And as corporations were exploiting Juneteenth as a PR moment to advance their image, we exposed their underlying motives. For example, we created a <a ljsid-1=\"\">graphic representation of Wells Fargo’s history of racism and abuse</a>. And then, we mobilized members like you to support H.R. 40, pushing forward the work for national legislation on reparations.":1,"#And when industry lobbyists tried to funnel billions of dollars into private coffers through the national infrastructure bill, we and our allies <a ljsid-1=\"\">secured $50 billion for public water systems</a> — while keeping provisions for corporations like Veolia out.":1,"#When hundreds of fossil fuel executives registered for the U.N. climate meetings to advance their agenda, <a ljsid-1=\"\">your support helped mobilize thousands of people to take action</a> to kick Big Polluters out.":1,"#I am so grateful for all of the ways that you’ve supported Corporate Accountability this year in challenging corporate abuse and advancing justice.":1,"#Together, we are a force for change - Corporate Accountability":1,"#You are truly a force for change, and I’m grateful to do this work in partnership with you. In times when there is so much that could cause despair, you keep rising up. I’m inspired by what we make possible together as we work toward a just world.":1,"#Mastercard scheme to keep polluting in Brazil":1,"#Wall Street Journal: Black Rock, Philip Morris,":1,"#Builded to Fail”,":1,"#Nuevos hallazgos examinan la naturaleza problemática de los mayores proyectos de compensación de carbono basados en Brasil, país anfitrión de ...":1,"#March 6, 2026":1,"#All 37 problematic projects assessed in more detail had a legitimate risk of having at least on":1,"#More than 47.7 million problematic offsets credit":1,"#The new report “Built to Fail? World’s largest carbon offset projects unlikely to deliver promised emissions reductions despite ongoing reforms,” reveals that in 2024, the VCM 2.0 appeared to be saturated with a vast volume of projects and offsets that could not be reliably counted on to deliver the promised emissions reductions. We refer to these types of projects and offsets as “problematic.” Specifically, the research finds that:<br ljsid-1=\"\"> More than 47.7 million problematic offsets credit":1,"#New findings examine the problematic <br ljsid-1=\"\">nature of the largest carbon offsets<br ljsid-3=\"\"> projects based in Brazil":1,"#Read the briefing to learn more.":1,"#So why is the carbon market still so popular, despite growing evidence that it is failing and flawed?":1,"#This research expands upon Corporate Accountability’s report “<a ljsid-1=\"\">Built to Fail,</a>” which revealed that despite ongoing “reforms” of the VCM, more than 47.7 million problematic offset credits were retired through 43 of the world’s largest offsets projects in 2024. This volume represents nearly one-quarter of the entire VCM in 2024. It shows that Brazil is just one example of how carbon offsets and the carbon market are not a proven, meaningful, and permanent pathway to global emissions reduction.":1,"#Many of the largest offsets in Brazil are among the largest projects in the voluntary carbon market (VCM) around the globe, including Pacajai REDD+, ranked the 7th largest project by credits retired in the world in 2024.":1,"#Major international corporations, including BlackRock, Shell, Philip Morris, and EY retired problematic credits from these Brazil-based projects between January 2024 and June 2025.":1,"#Verra, the world’s largest carbon offsets industry, hosts the majority of these problematic projects in Brazil, accounting for 12.8 million carbon offsets retired in this period.":1,"#Nearly 75% of credits from the top 50 carbon offsets projects retired in Brazil between January 2024 – June 2025 are “problematic” and should not be relied upon to deliver emissions cuts.":1,"#Research underscores the failures within the Voluntary Carbon Market in Brazil, COP30 host country, as the climate talks conclude.":1,"#BRIEFING: Over 70% of all carbon credits recently retired in Brazil are problematic - Corporate Accountability":1,"#New findings examine the problematic nature of the largest carbon offsets projects based in Brazil, host of the 2025 U.N. climate treaty talks (COP30). The research suggests there is little evidence that these projects are likely to deliver the promised emissions reductions.":1,"#BRIEFING: Over 70% of all carbon credits recently retired in Brazil are problematic":1,"#Ayude a desbloquear $10,000 a <br ljsid-1=\"\">challenge corporate power by March 5!":1,"#ACT NOW!":1,"#Unblock":1,"#Content blocked. Click Unblock to set your consent level for this website and view the content.":1,"#corporateaccountability.org":1,"#<strong ljsid-1=\"\">Spotlight:</strong> Colectivo Negro":1,"#The new report “Built to Fail? World’s largest carbon offset projects unlikely to deliver promised emissions reductions despite ongoing reforms,” reveals that in 2024, the VCM 2.0 appeared to be saturated with a vast volume of projects and offsets that could not be reliably counted on to deliver the promised emissions reductions. We refer to these types of projects and offsets as “problematic.” Specifically, the research finds that:":1,"#Fiscal year 2022 Annual Report - Corporate Accountability":1,"#See how Corporate Accountability's campaigns this year advanced systems change that puts people—not corporate interests—first.":1,"#FY 2022 Annual Report - Corporate Accountability":1,"#We go deep to go far.":1,"#Explore the FY22 Annual Report":1,"#Fiscal Year 22 Annual Report":1,"#What you made possible this year":1,"#In the years since, Veolia has poured money into dubious <a ljsid-1=\"\">relaciones públicas</a> <a ljsid-3=\"\">efforts</a> to distort and distract from the accusations related to its role in the crisis.":1,"#votes with management in the “climate-critical” industries it invests in. Between 2015 and 2019, BlackRock actively":1,"#According to the shareholder advocacy group Majority Action, BlackRock":1,"#in Australia, which over 100 companies have ruled out investing in due to public pressure. Not BlackRock, though!":1,"#BlackRock invested in Adani Group’s dirty":1,"#invested in the industry. This includes the":1,"#into companies developing new coal assets. BlackRock remains the single largest institutional investor in coal, with around":1,"#BlackRock has recently plunged more than":1,"#in the coal industry. While insurance and investment for the coal industry":1,"#BlackRock also remains one of the world’s":1,"#to the New York City Police Foundation, which supplies equipment and surveillance technology to a New York Police Department that has targeted Black and Brown communities in New York for decades.":1,"#invested in military weapons’ companies. Larry Fink has been a":1,"#invested in civilian gun manufacturers and retailers and an astounding":1,"#in investments in corporations that are propelling our climate catastrophe. It has":1,"#, and public health. However, BlackRock’s investment activity and governance practices drive business operations that directly harm Black and Indigenous communities and people of color around the world. The firm props up the fossil fuel industry to the tune of":1,"#to brand the firm as sensitive to global challenges like climate change, structural":1,"#BlackRock’s Founder, Chairman and CEO, Larry Fink, has":1,"#for the United States and China. BlackRock is a top shareholder across a wide range of global industries that include oil and gas, technology, retail, big banks, healthcare, weapons manufacturing, and much more. All this makes BlackRock one of the most powerful corporate actors on the planet, whose influence touches every aspect of our daily lives.":1,"#in assets under management. That’s more than the GDP of every country in the world":1,"#BlackRock has nearly":1,"#For all these reasons and more, we believe BlackRock is an excellent candidate to enter Corporate Accountability’s Corporate Hall of Shame in 2022.":1,"#and much, much more. Where there is corporate-driven harm going on, you’ll almost always find BlackRock.":1,"#While we’ve only examined a few areas of the shameful impacts of BlackRock’s business operations, there are many more examples we could look at, ranging from":1,"#) and Sportsman Warehouse Holdings (":1,"#BlackRock is also a top owner of major gun and ammunition retailers like Big 5 Sporting Goods (":1,"#12.52% of National Presto, a $67.9 million stake at the time of the most recent filing.":1,"#, the “largest volume producer of 40mm Grenade Ammunition and Fuzing in the world” along with several other explosives manufacturers. BlackRock":1,"#, which owns":1,"#11.26% of Ammo, a $27.4 million stake at the time of the most recent filing.":1,"#manufacturer of armor piercing bullets. BlackRock":1,"#ammunition to the US military and the police and is a":1,"#, which":1,"#10.4% of Olin, an $825.8 million stake at the time of the most recent filing.":1,"#, the largest manufacturer for small caliber ammunition for the United States military. BlackRock":1,"#, a manufacturer of ammunition and chemical products that also owns":1,"#owner of Vista, a $307.7 million stake at the time of the most recent filing.":1,"#ammunition, primers, and powder directly to consumers in addition to law enforcement and the military. BlackRock is a":1,"#of BlackRock’s Fixed Income Mutual Funds.":1,"#(6.6%). BlackRock executives and governors also have interlocking roles with these defense manufacturers. For example, Boeing director Stayce D. Harris is":1,"#(5.5%), and":1,"#BlackRock has tens of billions invested in the top military contractors in the United States. It is a top beneficial owner of":1,"#, BlackRock maintains sizable investments in some of the largest weapons manufacturers in the world who are directly profiting from arms sales tied to many of the wars that are creating refugee crises.":1,"#a new partnership with the International Rescue Committee (IRC) to help refugees displaced by war in Ukraine and Afghanistan. However, as":1,"#BlackRock’s investments in weapons manufacturers also equip and profit from war machines across the world that create massive refugee crises. In yet another attempt to distance itself from the harm tied to its business operations, BlackRock just":1,"#that announced an internal policy change to allow clients to choose not to invest in gun manufacturers or retailers, as well as a statement claiming that it would “[engage] with firearms manufacturers and retailers in which our clients are invested regarding business policies and practices.”":1,"#a Smith & Wesson rifle, BlackRock issued a":1,"#In the past, BlackRock has tried to distance itself from the gun industry and the violence it perpetuates. For example, in response to the Parkland mass shooting in 2018, where the shooter":1,"#of shares, worth nearly $200 million. According to reports out of Palestine, the gun used to kill Al-Jazeera journalist Shireen Abu Akleh was a Sturm Ruger Mini-semi automatic 14 rifle.":1,"#earlier this month, BlackRock is the largest shareholder in weapons manufacturer Sturm, Ruger, & Company, owning":1,"#As we":1,"#. The company also makes assault weapons and restraints marketed and sold to police departments.":1,"#in the police departments in New York City, Los Angeles, Houston, Detroit, and":1,"#in the company. Smith & Wesson guns or ammunition are":1,"#BlackRock is also the largest investor in gun manufacturer Smith & Wesson, with an":1,"#in the last five years.":1,"#, Tucson, St. Louis, and Pittsburgh. BlackRock has directly benefited from Axon’s":1,"#Chicago,":1,"#energy weapon deployment in the US. Since 2018, the company has also entered into agreements to supply hundreds of tasers to major cities":1,"#brand new X26p tasers from Axon in 2020. The Los Angeles Police Department followed suit in 2021 by purchasing 5,260 Taser 7 energy weapons from Axon, making the LAPD the force with the":1,"#Nevertheless, the NYPD":1,"#on the board of Axon since 2016.":1,"#of Axon’s stock, which currently amounts to over $600 million invested in the company. In addition to being the largest shareholder, former Chief Investment Officer at BlackRock, Matthew McBrady, has":1,"#, BlackRock is the largest shareholder in Axon, a nationwide supplier of tasers, body cameras, and surveillance software to police departments around the country. BlackRock holds":1,"#has":1,"#BlackRock’s support of police power in the United States extends far beyond just New York City. As":1,"#that the New York City Police Department exhibited “a pattern of using excessive force and making false arrests against New Yorkers during peaceful protests.”":1,"#excessive force to crack down on racial justice protesters after George Floyd was murdered by police in Minneapolis. In fact, the State of New York filed a lawsuit against the NYPD over their handling of the protests in 2020. The suit":1,"#to the NYC Police Foundation, which has given millions to the New York Police Department (NYPD) for more surveillance equipment, mounted police horses, and policing gear. In 2020, the NYPD":1,"#as the co-chair of the New York City Police Foundation’s annual gala for four years beginning in 2016, and he was honored by the foundation in 2015. Fink has also":1,"#Larry Fink":1,"#. But with its huge fossil fuel portfolio and its insufficient actions on climate, BlackRock may be doing more than any other corporate actor to continue to prop up and drive this crisis.":1,"#economy in the world, BlackRock has the power, authority, and":1,"#In sum: there may be no greater existential crisis facing humanity than the global climate catastrophe and BlackRock is playing an active role in perpetuating this crisis. With assets equivalent to being the world’s":1,"#of plans to address Indigenous rights.":1,"#in companies tied to deforestation all around the world. While BlackRock has said that it will take steps on deforestation, it has given little":1,"#on their lands through industrial activity and intimidation, abuse of Indigenous territorial rights, and displacement of communities from their ancestral homes. BlackRock is also the":1,"#BlackRock is also driving climate injustice around the world through its investments in companies whose operations threaten":1,"#in Gerber’s personal ownership of Halliburton’s oil stock. Since then, he’s raked in millions with Halliburton’s share price skyrocketing back up.":1,"#Even more, Gerber took advantage of the Covid-19 pandemic to profit big from fossil fuels. In the early months of 2020, Gerber scooped up 505,763 shares of Halliburton after its share price collapsed. This amounted to a whopping":1,"#of Halliburton, one of the world’s largest oil field service corporations.":1,"#BlackRock’s Lead Independent Director since 2017 and part of the Board since 2000. Gerber raked in tens of millions overseeing the rise of the US fracking boom as a top executive at EQT from 1998 to 2021. Since 2012 he’s also been a":1,"#with oil and gas interests. Several BlackRock directors have ties to the fossil fuel industry, and none more than":1,"#In addition to BlackRock’s extensive fossil fuel portfolio, its governance structure":1,"#in 2022 than it did in 2021. In Larry Fink’s annual letter this year, he stated that“ [BlackRock] focuses on sustainability not because we’re environmentalists, but because we are capitalists and fiduciaries to our clients.” Fink goes on to write that BlackRock “will not support policies that are good for society but bad for BlackRock.” He also said that businesses “cannot be the climate police.”":1},"version":7396}]