.GovRonDeSantis bans Florida state-run fund managers from weighing ESG considerations
Gov. Ron DeSantis has prohibited state-run fund managers in Florida from considering environmental, social, and governance factors when making investments, a significant advance in the GOP opposition to investment approaches that conservatives have said penalize fossil fuels and contribute to culture wars.
“Corporations across America continue to inject an ideological agenda through our economy rather than through the ballot box,” said Florida's governor. “Today’s actions reinforce that ESG considerations will not be tolerated here in Florida, and I look forward to extending these protections during this legislative session.
While proponents of ESG goals see it as a way that finance and business can cause social 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.
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