Business
Black Rock latest to leave Net Zero Alliance

From The Center Square
By
US House committee investigating 60 companies over ESG policies
Blackrock Inc. is the latest to announce it has left a United Nations-backed Net-Zero Banking Alliance (NZBA), among several within one month and not soon after Donald Trump was elected president. It did so as it and roughly 60 companies are being investigated by Congress for allegedly colluding as a āwoke ESG cartelā to āimpose radical environmental, social, and governance goals on American companies.ā
Last month, Goldman Sachs was the first to withdraw from the alliance, followed by Wells Fargo, The Center SquareĀ reported. Citigroup, Bank of America, Morgan Stanley and JPMorganĀ next announced their departure.
According toĀ the “bank-led and UN-convened” alliance, global banks joined, pledging to align their lending, investment and capital markets activities with a net-zero greenhouse gas emissions target by 2050.
Major U.S. banks began leaving the alliance after President-elect Donald Trump vowed to increase domestic oil and natural gas production and pledged to go after āwokeā companies.
They also announced their departure two years after 19 state attorneys general launched an investigation into them for alleged deceptive trade practices connected to ESG.
While the companies havenāt appeared to seem daunted by state investigations, Trump’s reelection appears to be a different matter.
āBlackRock has hung in there as long as it could, but the pressure has become too great, and the reputational and legal risks too high, just before Trump takes office. It wonāt be the last financial organization to quit a net zero initiative,ā Hortense Bioy, Morningstar Analytics director of sustainable investing research,Ā told Bloomberg News.
Texas Comptroller Glenn Hegar has expressed skepticism about companies claiming to withdraw from ESG commitments, noting there is often doublespeak in announcements, The Center SquareĀ reported. This includesĀ statementsĀ made by Goldman Sachs, JPMorgan and Blackrock.
Blackrock claims its āparticipation in NZAMi didnāt impact the way we managed client portfolios. Therefore, our departure doesnāt change the way we develop products and solutions for clients or how we manage their portfolios. ⦠Our commitment to helping our clients achieve their investment goals remains unwavering,ā Bloomberg reported.
Last month, the U.S. House Judiciary Committee announced it was investigating more than 60 US-based asset managers’ involvement in the alliance, including BlackRock, Inc., JP Morgan Asset Management, Rockefeller Asset Management, State Street Global Advisors, among others.
The committee also issued aĀ report, “Climate Control: Exposing the Decarbonization Collusion in Environmental, Social, and Governance (ESG) Investing,” saying it found ādirect evidence of a āclimate cartelā consisting of left-wing activists and major financial institutions that collude to impose radical environmental, social, and governance goals on American companies.ā
Under the Trump administration, the committee will continue to investigate if āexisting civil and criminal penalties and current antitrust law enforcement efforts are sufficient to deter anticompetitive collusion to promote ESG-related goals in the investment industry.ā It also maintains that the companies āmust answer for their involvement in prioritizing woke investments over their own fiduciary duties.ā
The committee sent letters to dozens of entities in 12 states and the District of Columbia requesting them to provide information by Jan. 10. The majority are located in New York, Massachusetts and California.
Business
Carneyās European pivot could quietly reshape Canadaās sovereignty

This articleĀ supplied byĀ Troy Media.
Canadians must consider how closer EU ties could erode national control and economic sovereignty
As Prime Minister Mark Carney attempts to deepen Canadaās relationship with the European Union and other supranational institutions, Canadians should be asking a hard question: how much of our national independence are we prepared to give away? If you want a glimpse of what happens when a country loses control over its currency, trade and democratic accountability, you need only look to Bulgaria.
On June 8, 2025, thousands of Bulgarians took to the streets in front of the countryās National Bank. Their message was clear: they want to keep the lev and stop the forced adoption of the euro, scheduled for Jan. 1, 2026.
Bulgaria, a southeastern European country and EU member since 2007, is preparing to join the eurozoneāa bloc of 20 countries that share the euro as a common currency. The move would bind Bulgaria to the economic decisions of the European Central Bank, replacing its national currency with one managed from Brussels and Frankfurt.
The protest movement is a vivid example of the tensions that arise when national identity collides with centralized policy-making. It was organized by Vazrazdane, a nationalist, eurosceptic political party that has gained support by opposing what it sees as the erosion of Bulgarian sovereignty through European integration. Similar demonstrations took place in cities across the country.
At the heart of the unrest is a call for democratic accountability. Vazrazdane leader Konstantin Kostadinov appealed directly to EU leaders, arguing that Bulgarians should not be forced into the eurozone without a public vote. He noted that in Italy, referendums on the euro were allowed with support from less than one per cent of citizens, while in Bulgaria, more than 10 per cent calling for a referendum have been ignored.
Protesters warned that abandoning the lev without a public vote would amount to a betrayal of democracy. āIf there is no lev, there is no Bulgaria,ā some chanted. For them, the lev is not just a currency: it is a symbol of national independence.
Their fears are not unfounded. Across the eurozone, several countries have experienced higher prices and reduced purchasing power after adopting the euro. The loss of domestic control over monetary policy has led to economic decisions being dictated from afar. Inflation, declining living standards and external dependency are real concerns.
Canada is not Bulgaria. But it is not immune to the same dynamics. Through trade agreements, regulatory convergence and global commitments, Canada has already surrendered meaningful control over its economy and borders. Canadians rarely debate these trade-offs publicly, and almost never vote on them directly.
Carney, a former central banker with deep ties to global finance, has made clear his intention to align more closely with the European Union on economic and security matters. While partnership is not inherently wrong, it must come with strong democratic oversight. Canadians should not allow fundamental shifts in sovereignty to be handed off quietly to international bodies or technocratic elites.
Whatās happening in Bulgaria is not just about the euroāitās about a people demanding the right to chart their own course. Canadians should take note. Sovereignty is not lost in one dramatic act. It erodes incrementally: through treaties we donāt read, agreements we donāt question, and decisions made without our consent.
If democracy and national control still matter to Canadians, they would do well to pay attention.
Isidoros Karderinis was born in Athens, Greece. He is a journalist, foreign press correspondent, economist, novelist and poet. He is accredited by the Greek Ministry of Foreign Affairs as a foreign press correspondent and has built a distinguished career in journalism and literature.
Troy Media empowers Canadian community news outlets by providing independent, insightful analysis and commentary. Our mission is to support local media in helping Canadians stay informed and engaged by delivering reliable content that strengthens community connections and deepens understanding across the country.
Business
EU investigates major pornographic site over failure to protect children

From LifeSiteNews
Pornhub has taken down 91% of its images and videos and a huge portion of the last 9% will be gone by June 30 because it never verified the age or consent of those in the videos.
Despite anĀ aggressive PR operation to persuade lawmakersĀ that they have reformed, Pornhub is having a very bad year.
On May 29, it wasĀ reported that the European Commission is investigating the pornography giant and three other sites for failing to verify the ages of users.
The investigation, which comes after a letter sent to the companies last June asking what measures they have taken to protect minors, is being carried out under the Digital Services Act. The DSA came into effect in November 2022 and directs platforms to ensure āappropriate and proportionate measures to ensure a high level of privacy, safety, and security of minors, on their serviceā and implement ātargeted measures to protect the rights of the child, including age verification and parental control tools, tools aimed at helping minors signal abuse or obtain support, as appropriate.ā
According toĀ France24: āThe commission, the EUās tech regulator, accused the platforms of not having āappropriate; age verification tools to prevent children from being exposed to pornography. An AFP correspondent only had to click a button on Tuesday stating they were older than 18 without any further checks to gain access to each of the four platforms.ā
Indeed, Pornhubās alleged safety mechanisms are a sick joke, and Pornhub executives have often revealed the real reason behind their opposition to safeguards: ItĀ limits their traffic.
Meanwhile, Pornhub ā and other sites owned by parent company Aylo ā are blocking their content in France in response to a new age verification law that came into effect on June 7. Solomon Friedman, Ayloās point man in the Pornhub propaganda war,Ā statedĀ that the French law was āpotentially privacy infringingā and ādangerous,ā earning a scathing rebuke from Franceās deputy minister for digital technology Clara Chappaz.
āWeāre not stigmatizing adults who want to consume this content, but we mustnāt do so at the expense of protecting our children,ā sheĀ said, adding later, āLying when one does not want to comply with the law and holding others hostage is unacceptable. If Aylo would rather leave France than apply our law, they are free to do so.ā According to the French media regulator Arcom, 2.3 million French minors visit pornographic sites every month.
Incidentally, anti-Pornhub activist Laila Mickelwait reported another major breakthrough on June 7. āP*rnhub is deleting much of whatās left of the of the site by June 30,ā sheĀ wrote on X. āTogether we have collectively forced this sex trafficking and rape crime scene to take down 91% of the entire site, totaling 50+ million videos and images. Now a significant portion of the remaining 9% will be GONE this month in what will be the second biggest takedown of P*rnhub content since December 2020.ā
āThe reason for the mass deletion is that they never verified the age or consent of the individuals depicted in the images and videos, and therefore the site is still awash with real sexual crime,ā sheĀ added. āSince the fight began in 2020, 91% of P*rnhub has been taken down ā over 50 million images and videos. Now a huge portion of the last 9% will be gone by June 30 because P*rnhub never verified the age or consent of those in the videos and the site is a crime scene.ā
Mickelwait has long called for the shutdown of Pornhub and the prosecution of those involved in its operation. This second mass deletion of content, as welcome as it is, reeks of a desperate attempt to eliminate the evidence of Pornhubās crimes.
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