Florida CFO Says State ‘Thriving’ With Earnings of $1.1 Billion Despite Abandoning BlackRock

Patronis adds record revenue also thanks to strong fiscal stewardship and leadership

The trading symbol for BlackRock is displayed at the closing bell of the Dow Industrial Average at the New York Stock Exchange on July 14, 2017. Bryan R. Smith/AFP via Getty Images

The asset management giant BlackRock continues to face growing scrutiny for investment decisions that have been criticized for pushing Environmental Social Governance (ESG) and funding the Chinese war machine—and Florida is reaping financial rewards for walking away from it.

Last week, BlackRock came under fire specifically for its investments in China.