Patronis answers that Bolling is "correct, absolutely right." He explains that when the infamous financial management firm BlackRock began "failing to get to the top of our portfolio," Patronis said,"enough is enough" and moved $2 billion out of the Florida Treasury managed by the company in December. He notes that this is "the largest that's been moved out of BlackRock by any state to date." This is precisely why legislation against ESG is being proposed, specifically so that state and local governments cannot use "ESG criteria for their procurement or the scoring of their bond.d "We've got companies that are based in Florida that are being debanked because ESG does not fit the business model that is acceptable to them," he describes. Moreover, this "is making it harder to access capital. In addition, it's against capitalism, it's against job creation," Patronis concludes. In November, Senator Marco Rubio (R-FL) made similar comments on ESG practices, saying they are a potential breach of antitrust laws.