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