VOTE (0)
(0)
Florida Governor Follows West Virginia in Pulling State Funds from Blackrock Over ESG Investing
Added 12-01-22 06:36:03pm EST - “West Virginia Treasurer Riley Moore lead the way earlier this year in removing Wall Street financial firms from holding state funds due to ?Environmental, Social and Governance' or ?ESG' climate change ideology driving investment…” - Theconservativetreehouse.com
CLICK TO SHARE
Posted By TheNewsCommenter: From Theconservativetreehouse.com: “Florida Governor Follows West Virginia in Pulling State Funds from Blackrock Over ESG Investing - The Last Refuge”. Below is an excerpt from the article.
West Virginia Treasurer Riley Moore lead the way earlier this year in removing Wall Street financial firms from holding state funds due to ‘Environmental, Social and Governance’ or ‘ESG’ climate change ideology driving investment decisions.
West Virginia had been the tip of the spear since early 2021 {link} removing Blackrock in January of 2022, and even removed banking contracts from multiple investment firms during the battle and asked other states to join in the effort {link}.
Today, Florida Chief Financial Officer Jimmy Patronis announced the DeSantis administration would be following the lead from West Virginia.
[FLORIDA] – […] State Chief Financial Officer Jimmy Patronis announced Thursday that Florida will immediately freeze about $1.43 billion in long-term securities and about $600 million in short-term overnight investments managed by BlackRock because of the firm’s use of “Environmental, Social, and Governance” standards — known as ESG.
Patronis in a prepared statement said he doesn’t “trust BlackRock’s ability to deliver” and “BlackRock CEO Larry Fink is on a campaign to change the world.”
I’m glad Florida followed West Virginia’s lead in pulling money away from BlackRock.
Thank you @RileyMooreWV for leading the way on this many months ago. pic.twitter.com/aTh8LfilC0
— Alex Bruesewitz ???????? (@alexbruesewitz) December 1, 2022
Thank you @JimmyPatronis!! Florida now joins a growing list of states who have moved money out of BlackRock.
WV was the first to do this almost a year ago and now the list just keeps growing. This is how win!! https://t.co/VntubHPzgh
— Riley Moore (@RileyMooreWV) December 1, 2022
If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.
CLICK TO SHARE
COMMENTS VIA TWITTER
motownotaku
RT @Nobunaga0804: @TheLastRefuge2 Just don't call it ESG... DeSantis will allow BlackRock and other asset managers to keep overseeing some…
StoneZone47
A Solution Is in Sight for the ESG Controversy by @VivekGRamaswamy https://t.co/rugV7DQe8H via @WSJopinion Very ed… https://t.co/5r6EUwn8LE
JBBooks76
RT @StriveFunds: There may be a solution in sight to the ESG debate: disclosure to and consent from capital owners. Read Strive'…
By_Grace_saved1
RT @RileyMooreWV: Following my Office's divestment from BlackRock last year, we proved that a "small state" like West Virginia could spark…
RileyMooreWV
Following my Office's divestment from BlackRock last year, we proved that a "small state" like West Virginia could… https://t.co/Vr8mSk4yEF