Florida just pulled $2 billion in investments from BlackRock in state's fight against ESG
· · Dec 1, 2022 · NottheBee.com

ESG is the biggest scam in the world right now, and there seems to be only one Republican who is actively fighting against the globalist scourge.

Ron DeSantis has declared war on ESG, and we are now seeing the results.

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

While the move will hardly dent BlackRock's $8 trillion in assets, it underscores how the backlash among many Republican politicians, such as those in Florida, against ESG investing, which they see as promoting a "woke agenda" is gathering steam.

  • Republicans are set to assume control of the House of Representatives in January. This will allow them to hold hearings on ESG and grill the chief executives of BlackRock and other major assets managers about their ESG policies, and also pressure regulators to scrutinize them.

Every single Republican state HAS to follow suit.

It's not just that it's a supposedly "woke" agenda. These companies are governed by interests that are opposed to most Americans. It's the stepping stone to a Chinese-style social credit system, but for businesses.

Glenn Beck explained it all well earlier this year.

Here's more from the Reuter's report:

  • In a statement, Florida CFO Jimmy Patronis said the state's Treasury, which he oversees, would remove BlackRock as manager of about $600 million of short-term investments and have its custodian freeze $1.43 billion of long-term securities now with BlackRock, with an eye on reallocating the money to other money managers by the start of 2023.

Patronis accused BlackRock of focusing on ESG rather than higher returns for investors.

"Florida's Treasury Division is divesting from BlackRock because they have openly stated they've got other goals than producing returns," Patronis said in the statement provided by his office.

This is obviously correct.

Good for Florida. Now it's time for every other state to follow the path blazed by Ron DeSantis.

Don't give your money to people who hate you.


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