Florida Withdraws $2 Billion from BlackRock Over ESG Investing

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(Florida Chief Financial Officer Jimmy Patronis)

According to a press release, Florida Chief Financial Officer Jimmy Patronis announced that the Florida Treasury would begin divesting $2 billion worth of assets currently under management by BlackRock. The State Treasury will immediately have Florida’s custody bank freeze approximately $1.43 billion worth of long-term securities and remove BlackRock as the manager of about $600 million worth of short-term overnight investments. Asset managers invest these taxpayer funds as part of Florida’s Treasury Investment Pool. By the beginning of 2023, the State Treasury will divest all short- and long-term investments from BlackRock and relocate investment responsibilities to other fund management entities.

The fourth beast shall be A fourth kingdom on earth, Which shall be different from all other kingdoms, And shall devour the whole earth, Trample it and break it in pieces.” Daniel 7:23