Florida Gov. Ron DeSantis is proposing legislation to prohibit state and local governments from including any environmental, social, or governance considerations in investment decisions.
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.
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.
“We will not allow these martini millionaires to push unsafe and unsound investment practices that silence debate in the political process, weaken investment strategies for Florida retirees, and discriminate against any individual’s beliefs,” said Renner.
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