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Pretty sure BlackRock doesn't care small money to them.

Blackrock probably has $8.5B hidden in the couches at HQ

I wish more people understood that Blackrock doesn’t have any much of its own money to toss around.

The ESG push is from a couple billionaires and Gavin Newsome who has basically sole discretion of California’s 500 billion pension fund.

Without Newsome and the gov of IL, ESG wouldn’t exist.

They generate pretty good fees based on their AUM.

> Without Newsome and the gov of IL, ESG wouldn’t exist.

"Without California and Illinois, a Republican would have won the presidency in 2020." Sure, but that's not the universe we live in.

That isn’t even close to the same thing. We aren’t talking about the 60,000,000 people in these states.

Just two people.

About 0.085% of AUM

Maybe a single rep cares? But not the whole company.

You're missing some zeros.

0.00085%, if my math is correct.

1% of 10T is 100B

0.1% of 10T is 10B

Ha! My math is not correct. Thank you!