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Posted on 02/14/2023 11:49:07 AM PST by Twotone
Florida Gov. Ron DeSantis is proposing legislation to prohibit state and local governments from including any environmental, social, or governance considerations in investment decisions.
The comprehensive anti-ESG legislation was previewed on Monday at an event in Naples, Florida, featuring DeSantis. The plan builds off previous actions that the governor has taken and would prohibit the use of ESG in all investment decisions at the state and local level, ban state and local entities from any consideration of ESG in the contracting process, and block state and local governments from weighing ESG when issuing municipal bonds.
Standing at a podium with “government of laws not woke politics” emblazoned on it, DeSantis discussed the legislation and characterized ESG investing as “a mechanism to inject political ideology into investment decisions, corporate governance, and really just the everyday economy.”
“By applying arbitrary ESG financial metrics that serve no one except the companies that created them, elites are circumventing the ballot box to implement a radical ideological agenda,” DeSantis said. “Through this legislation, we will protect the investments of Floridians and the ability of Floridians to participate in the economy.”
While proponents of ESG goals see it as a way that finance and business can cause social change (for example, mitigating climate change), Republicans see the drive as an attempt to distort the free market and even the culture of the United States through capital and influence.
Last month, DeSantis announced that Florida is prohibiting state-run fund managers from considering environmental, social, and governance factors when making investments. And last year, Florida’s CFO Jimmy Patronis announced that the state would divest some $2 billion from BlackRock, the largest such state divestment from the money manager over its ESG stance.
(Excerpt) Read more at washingtonexaminer.com ...
How about a better headline, maybe “DeSantis Ensures Taxpayer Investments Verify Fiduciary Responsibility”?
ESG = Corporate Fiduciary Negligence
All should be held accountable.
Buttigieg only releases money if you ESG it
At least one state is rejecting the madness that is paralyzing the country.
Oh yes - DeSantis is a RINO Globalist right? How about he has no experience? How about he won’t stand up to attacks? How about he should wait until 2028? /big sarc
I guess DeSantis must not be doing TOO bad since Trump lives in Florida...not that itwould stop the petty name calling.
There are 4 states that are.
Texas is one of them.
Do not tolerate predatory Democrat (or anyone’s) tactics.
paging the “desantis is a deep state globalist” chicken littles...
please pick up your batsh*t crazy courtesy phone...
DeSantis is in the pocket of the RINO GOP because they are doing the same thing in fighting ESG......right?
you act like a dog chasing its tail...
There are 4 states that are.BFD. Noteworthy but not saintly. Truth is he's sucking hind tit trying to copy other states.Texas is one of them.
My point was, Texas acted before him. And FL was not the only state acting.
truth is you’re exposing your willful ignorance and your desantis derangement syndrome every time you post...
BTW:
Trump accomplished more for America in one 4yr term than any President in your lifetime
and then he let “safe and effective” destroy it...
I wonder if the DeSantis haters here enjoy being aligned with Debbie Blabbermouth Schultz against him…..
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