In January 2022, BlackRock founder and CEO Larry Fink defended the company's focus on E.S.G. investing, pushing back "against accusations the asset manager was using its heft and influence to support a politically correct or progressive agenda."[98] Fink said the practice of E.S.G. "is not woke."[99] According to The New York Times, BlackRock's emphasis on E.S.G. has drawn criticism as "either bowing to anti-business interests" or being "merely marketing".[100] According to CNBC, some conservative groups and lawmakers have accused BlackRock of "woke posturing" to hide the company's funneling of money to Chinese companies.