The Florida House announced proposed legislation to protect Florida pensions and state investments from politically-driven ESG discrimination. TALLAHASSEE, FLORIDA — On Tuesday, House Speaker Paul Renner (R-Palm Coast) announced the filing of what he calls “landmark legislation” that would protect Florida retirement accounts and state investments from financial discrimination. Eliminating the consideration of environmental, social, and governance (ESG) investment strategies have become a focus of the upcoming legislative session after both Governor DeSantis and Florida’s CFO Jimmy Patronis announced that the state would divest from BlackRock Investments after concerns over ESG. “DRIVE UP THE COST OF LIVING”.. House Bill 3,...
