The battle over ESG investing that has enmeshed BlackRock into a Republican-led political squabble is galvanizing a grassroots, letter-writing campaign that stretches across the country.
BlackRock Inc. has found itself on the defensive since Florida announced in early December that it would pull $2 billion of assets from the money manager—the biggest financial move by a red state with concerns about ESG. Other states including Arkansas, Louisiana and Missouri have previously said they’ll pull funds from the asset manager.
When Florida’s CFO, Jimmy Patronis, made the BlackRock announcement, he spoke about getting “the best returns possible” for taxpayers so as ...
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