Around the nation, global asset managers like BlackRock and Blackstone have been looking to buy power utilities. According to industry insiders, this move could lead to more oppressive climate mandates.

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From the Daily Caller:

Major global asset managers including BlackRock and Blackstone have been looking to buy power utilities across America in a move that some industry insiders warn could harm consumers, raise electricity costs and advance a climate-driven energy agenda.

In recent months, Blackstone reportedly sought regulatory approval to buy utilities in New Mexico and Texas all while a BlackRock-led group won approval Friday to purchase a major utility in Minnesota. While BlackRock and other huge asset managers have distanced themselves from environmental, social and governance (ESG) investment practices in recent years, some energy experts and consumer advocates that spoke to the Daily Caller News Foundation are concerned that buying up utilities may represent a new frontier of financial giants orchestrating “climate mandates.”

“BlackRock isn’t just influencing utilities anymore, they’re buying them. After years of ESG-driven coercion that pushed utilities to abandon reliable energy in favor of China-dependent renewables, BlackRock is now taking direct control. The result will be more of the same: higher costs, weaker grids, and millions in unpaid bills, all driven by the very climate mandates they lobbied for,” Jason Isaac, CEO of the American Energy Institute, told the DCNF. “Minnesotans should brace for more unreliable power, rising rates, and a media narrative that blames Trump for ending taxpayer-funded handouts instead of holding the woke politicians and Wall Street elites responsible for the crisis.”

According to the Caller, Global Infrastructure Project, a BlackRock-led group, has already been given approval to purchase one of Minnesota’s major power utilities. Blackstone, meanwhile, has purchased a Pennsylvania-based gas plant, as well as a nearly 20% stake in an Indiana power utility. The company is also seeking regulatory approval to buy power utilities in New Mexico and Texas.

Having companies like BlackRock in charge of our power only stands to harm Americans, says Executive Director of Consumers’ Research Will Hild. According to Hild, who spoke to the Daily Caller, Blackrock is the company that “proudly brought us the radical ESG rules and Net-Zero nonsense that forced all our energy bills to skyrocket.”

According to the Caller, BlackRock CEO Larry Fink announced in 2023 that he would no longer use the term ESG (Environmental, societal, governmental), fearing it had become too political. However, though they’ve cut done on references to ESG, President of the Heartland Institute James Taylor notes that BlackRock still hav the same values. Even if they don’t call it “ESG,” executives at BlackRock will still force green policies on us all the same.

How are you praying about BlackRock and Blackstone? Share your prayers and scriptures below.

(Excerpt from the Daily Caller. Photo Credit: Fré Sonneveld on Unsplash)