{"id":1620616,"date":"2022-08-23T16:27:24","date_gmt":"2022-08-23T20:27:24","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1620616"},"modified":"2022-08-23T16:27:30","modified_gmt":"2022-08-23T20:27:30","slug":"desantis-bars-florida-fund-managers-from-using-esg-in-state-pension-investments","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/desantis-bars-florida-fund-managers-from-using-esg-in-state-pension-investments\/","title":{"rendered":"DeSantis Bars Florida Fund Managers From Using ESG In State Pension Investments"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdesantis-bars-florida-fund-managers-from-using-esg-in-state-pension-investments%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1620616&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-23-at-3.48.04-PM-e1661284137930.png\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>Florida Gov. Ron Desantis passed a resolution Tuesday to ban state fund managers from considering environmental, social, and corporate governance (ESG) when managing state funds.<\/p>\n<p>\u201cThis update to the fiduciary duties of the SBA\u2019s investment fund managers and investment advisors clearly defines the factors fiduciaries are to consider in investment decisions and states that ESG considerations will not be included in the state of Florida\u2019s pension investment management practices,\u201d DeSantis\u2019 office said in a <a href=\"https:\/\/www.flgov.com\/2022\/08\/23\/governor-ron-desantis-eliminates-esg-considerations-from-state-pension-investments\/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=governor-ron-desantis-eliminates-esg-considerations-from-state-pension-investments\" target=\"_blank\" rel=\"noopener noreferrer\">press release<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">In Florida, we don\u2019t want the values of Davos, we want the values of Destin, Dunedin and DeFuniak Springs.<\/p>\n<p>The resolution passed today will direct Florida\u2019s fund managers to make sound investments on returns, not woke ideology. ESG is dead on arrival in Florida. <a href=\"https:\/\/t.co\/swUtiDxSiK\">pic.twitter.com\/swUtiDxSiK<\/a><\/p>\n<p>\u2014 Ron DeSantis (@GovRonDeSantis) <a href=\"https:\/\/twitter.com\/GovRonDeSantis\/status\/1562130957469114368?ref_src=twsrc%5Etfw\">August 23, 2022<\/a><\/p>\n<\/blockquote>\n<p>\u201cCorporate power has increasingly been utilized to impose an ideological agenda on the American people through the perversion of financial investment priorities under the euphemistic banners of environmental, social, and corporate governance and diversity, inclusion, and equity,\u201d DeSantis said of the resolution. \u201cWith the resolution we passed today, the tax dollars and proxy votes of the people of Florida will no longer be commandeered by Wall Street financial firms.\u201d<\/p>\n<p>DeSantis proposed legislation in July to\u00a0<a href=\"https:\/\/www.wsj.com\/articles\/floridas-desantis-takes-aim-at-woke-capital-11659043495\" target=\"_blank\" rel=\"noopener noreferrer\">ban state fund managers<\/a> from taking <a href=\"https:\/\/dailycaller.com\/2022\/08\/12\/wall-street-damage-control-gop-woke-capital-esg\/\" target=\"_blank\" rel=\"noopener noreferrer\">ESG practices<\/a> into consideration when investing state funds. <strong><a href=\"https:\/\/dailycaller.com\/2022\/07\/21\/blackrock-esg-trillion-losses-larry-fink\/\" target=\"_blank\" rel=\"noopener noreferrer\">(RELATED:\u00a0BlackRock, The King Of ESG, Lost $1.7 Trillion Of Clients\u2019 Money In Just 6 Months)<\/a><\/strong><\/p>\n<p>Several other states have taken action against ESG, <a href=\"https:\/\/dailycaller.com\/2022\/07\/28\/west-virginia-blocks-banks-esg-coal\/\" target=\"_blank\" rel=\"noopener noreferrer\">including West Virginia<\/a>. State Treasurer Riley Moore banned U.S. Bancorp, Goldman Sachs, JP Morgan, Morgan Stanley, Wells Fargo and BlackRock from conducting business in the state following alleged boycotts of the fossil fuel industries from these financial firms.<\/p>\n<p>Kentucky <a href=\"https:\/\/apps.legislature.ky.gov\/record\/22rs\/sb205.html\" target=\"_blank\" rel=\"noopener noreferrer\">passed a bill<\/a> in April which authorized the state treasurer to identify financial firms which boycotted the fossil fuel industry and bar them from doing business in the state.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Florida Gov. Ron Desantis passed a resolution Tuesday to ban state fund managers from considering environmental, social, and corporate governance (ESG) when managing state funds.\u201cThis update to the fiduciary duties<\/p>\n","protected":false},"author":644,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1620616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1620616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/644"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1620616"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1620616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1620616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1620616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1620616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}