Published 1 year ago

Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

Summary by Reuters

Florida's chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc , the biggest such divestment by a state opposed to the asset manager's environmental, social and corporate governance (ESG) policies.

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Reuters

Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

1 year ago·United Kingdom

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USA Today

Florida, DeSantis yank billions in investments from 'woke' BlackRock over ESG investing

Florida is yanking $2 billion worth of state assets managed by BlackRock, escalating the GOP standoff with the world’s largest money manager over ESG.

1 year ago·United States

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The Washington Post

Florida targets BlackRock for its climate and social policies

Florida's financial officer say he will bar Blackrock from managing $2 billion in state treasury funds because of its ESG policies.

1 year ago

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New York Post

Florida yanks $2B from ‘woke’ BlackRock over ‘social-engineering project’

Florida has begun to divest $2 billion in funds overseen by asset management giant BlackRock on Thursday in a sharp rebuke of the firm’s environmental, social and corporate governance (ESG) policies.

1 year ago·New York, United States

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The Hill

Florida pulls $2B worth of investments from BlackRock over ESG investment after DeSantis resolution

Florida Chief Financial Officer Jimmy Patronis announced on Thursday that the state’s government would divest $2 billion in investments under management by financial services company BlackRock due to the organization’s strengthening Environment, Social and Governance (ESG) standards. “Whether stakeholder capitalism, or ESG standards, are being pushed by BlackRock for ideological reasons, or to develop social…

1 year ago·Washington, United States

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Washington Examiner

Florida to divest $2 billion from BlackRock amid red-state pushback to ESG

Florida’s chief financial officer said the state will divest some $2 billion from BlackRock, the largest such state divestment from the money manager yet over its stance on environmental and social goals.

1 year ago·Washington, United States

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