deSantis pulls $2Billion out of ''woke'' Blackrock investment firm | Eastern NC Now
follows West Virginia and Louisiana in moving funds from Blackrock over ESG
Florida became the latest US state to pull all of its state funds out of the "woke" investment firm Blackrock, removing $2 Billion of mostly pension funds. West Virginia and Louisiana have also recently taken similar steps. For years, Blackrock has been the leader in managing state and local government funds, but in the last few years, they have take a "woke" ESG path rather than seeking the highest return on clients money.
ESG stands for "environment, social justice, governance" and prioritizes investments that adhere to leftwing causes instead of looking for the highest return on funds. Blackrock is notorious for putting its own political agenda ahead of the financial interests of its clients. This year it voted the proxies representing investment shares of clients in corporate annual meetings to advance leftwing policy and elect leftwing corporate directors.
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