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#Texas was the first #US state to ban #BlackRock from doing business with the state.

#Florida has now followed suit.

Texas Governor Greg Abbott signed a law in 2021 to ban financial companies, including
BlackRock and several other financial companies, that have #ESG policies that discriminate against the #oil & #gas sector.

FLORIDA PULLS $2 BLN FROM BLACKROCK IN LARGEST ANTI-ESG DIVESTMENT PUSHBACK

#Florida's chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc.

The move is the biggest such divestment by a US state opposed to the asset manager's environmental, social and corporate governance (ESG) policies.

The move will hardly dent BlackRock's $8 trillion in assets but drew a strong response from the company, which said the action put politics over investor interests.