Boom! BlackRock Loses $2 BILLION from Florida re ESG

This is getting serious--for woke investment firm BlackRock, a company that demands companies avoid using fossil energy in order to combat global warming. BIG states controlled by Republicans have had enough of BlackRock's anti-fossil energy activism and are fighting back. In August, Texas, the second largest state (by population) in the country, announced the state's public pension funds and government agencies are divesting from BlackRock and nine other companies (see TX Blacklists BlackRock & 9 Others – State Pension Funds to Divest). A few weeks later, Florida, the third most populous state in the country, announced it too would divest (see Florida Follows WV, TX in Banning Investments in Woke ESG Funds). It's now happening. Yesterday, Florida's Chief Financial Officer announced he is beginning to divest a whopping $2 billion from BlackRock, the largest such divestment over ESG (environment, social, governance) issues--ever.

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