Florida Governor Ron DeSantis is crusading against ESG investing and “woke capitalism,” with state officials pledging to purge such thinking from its pension funds and targeting BlackRock Inc. because of its support for the idea.
But BlackRock still manages billions in investments for the Sunshine State, and it turns out there wasn’t a lot of ESG to purge. A review of public records shows that BlackRock didn’t put the bulk of Florida’s money into environmental, social and governance investments in the first place.
The Florida State Board of Administration — which oversees roughly $180 billion in pension money — didn’t ...
