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Fortune
Fortune
Will Daniel

Even BlackRock is too woke for Florida

Republican gubernatorial candidate for Florida Ron DeSantis with his wife Casey DeSantis speaks during an election night watch party at the Convention Center in Tampa, Florida, on November 8, 2022. (Credit: Giorgio Viera/AFP via Getty Images)

The world’s largest asset manager, BlackRock, is under fire for being too woke.

Despite its role as a pipeline financier—and $171 billion of investments in public U.S. oil and gas companies—U.S. states including Louisiana, Texas, and West Virginia have targeted BlackRock for its environmental, social, and governance (ESG) initiatives this year. And now Florida is piling on.

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