Florida is the latest state to announce that it is pulling funds from investment giant BlackRock over the firm's environmental, social and governance push.
SEC commissioner Hester Peirce discusses the idea of ‘woke’ investing and how BlackRock is pushing back on the GOP, on ‘Fox Business Tonight.’, becoming the latest state to pull assets from the firm over its environment, social, and governance policies.
Florida Chief Financial Officer Jimmy Patronis speaks before introducing Florida Gov. Ron DeSantis during a rally for Florida Republicans at the Cheyenne Saloon on November 7, 2022, in Orlando, Florida. "Whether stakeholder capitalism, or ESG standards, are being pushed by BlackRock for ideological reasons, or to develop social credit ratings, the effect is to avoid dealing with the messiness of democracy," Patronis said in a separate statement. "I think it’s undemocratic of major asset managers to use their power to influence societal outcomes.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Florida, DeSantis yank billions in investments from 'woke' BlackRock over ESG investingFlorida is yanking $2 billion worth of state assets managed by BlackRock, escalating the GOP standoff with the world’s largest money manager over its ESG investment policies.
Les mer »
State pulls money from BlackRock over ‘ESG'“Run for office,' Patronis said. 'Start a non-profit. Donate to the causes you care about. Using our cash, however, to fund BlackRock’s social-engineering project isn’t something Florida ever signed up for.”
Les mer »
Florida basketball: 3 things learned from Phil Knight Tournament heading into Florida A&M matchupThe Gators (4-3) dropped two of three games, falling 90-83 to Xavier and 84-55 to West Virginia. The 29-point loss was UF's worst in 23 years.
Les mer »
ESG in Africa is colonialism 2.0The West — its governments, corporations, nonprofit groups, and NGOs — must end ESG restrictions on investment in Africa and bring colonialism 2.0 to an end, writes nj_ayuk.
Les mer »
BlackRock unit tells investors it's time for a new portfolio playbookBlackRock's ETF division says the current investing environment has 'profound implications' for portfolios.
Les mer »
BlackRock CEO: FTX Token caused downfall, but tech still revolutionaryThe CEO of the world's largest asset manager BlackRock blamed FTX’s own token for the exchange's demise. He's still bullish on blockchain and crypto, however, saying it will revolutionize investing.
Les mer »