Florida Disinvests $2B From “Woke” Assets Manager

Reuters reports:

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.

The move will hardly dent BlackRock’s $8 trillion in assets and drew a strong response from the company, which said the action put politics over investor interests.

Nonetheless it underscores how a backlash among many Republican leaders, such as those in Florida, against ESG investing, which they see as promoting a “woke agenda” is gathering steam.

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