Another state on Thursday announced that it would begin divesting its assets currently managed by investment giant BlackRock, accusing it of “[leaning] heavily into Environmental, Social, and Governance standards.”
“As Florida’s chief financial officer, it’s my responsibility to get the best returns possible for taxpayers. The more effective we are in investing dollars to generate a return, the more effective we’ll be in funding priorities like schools, hospitals, and roads,” Jimmy Patronis, Florida’s chief financial officer, said in a press release.
The divestment will involve “$2 billion worth of assets,” according to the statement.
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