Florida withdraws $2 billion from BlackRock for its “woke” investments

Florida pulls $2 billion from BlackRock for 'woke' investments


Florida Governor Ron DeSantis, a Republican, has had enough of investments deemed “wokes” by the firm BlackRock.

The DeSantis administration said yesterday it had begun to divest US$2 billion of funds overseen by BlackRock, arguing that returns for retirees must come before so-called “responsible” investments.

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Responsible investment

“Using our money to fund BlackRock’s social engineering project is something Florida has never endorsed,” Florida Chief Financial Officer Jimmy Patronis said in a statement. interview with the New York Post.

Florida joins other Republican-led states, including Louisiana and Missouri, which have also withdrawn public funds from the control of BlackRock in response to concerns about its responsible or sustainable investment policy.

BlackRock is the world's largest asset manager with US$10 trillion in assets under management as of January 2022.< /p> You've got the scoop for us be?

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