The state of Florida under Republican Governor Ron DeSantis has spearheaded an initiative with 18 other states Thursday with the mission of resisting the environmental, social, and corporate governance (ESG) agenda of the Democrats and the Biden administration.
A press release from DeSantis‘ office explained that the ESG system is “destabilizing the American economy and the global financial system,” and dovetails with Congressional efforts to keep political concerns from impacting the retirement funds of Americans, according to The Daily Wire.
— The Hill (@thehill) March 16, 2023
The governments of Alabama, Alaska, Arkansas, Georgia, Idaho, Iowa, Mississippi, Missouri, Montana, Nebraska, New Hampshire, North Dakota, Oklahoma, South Dakota, Tennessee, Utah, West Virginia, and Wyoming have reportedly joined Tallahassee in signing onto a joint statement describing the effort.
“We as freedom loving states can work together and leverage our state pension funds to force change in how major asset managers invest the money of hardworking Americans, ensuring corporations are focused on maximizing shareholder value, rather
than the proliferation of woke ideology.”
According to Daily Wire, the states agreed on an outline that concentrates on two efforts the states can work together on. In the outline they include: first, “Protecting taxpayers from ESG influences across state systems,” and second, “Protecting citizens from ESG influences in the financial sector.”
DeSantis said in the statement,
“At my direction, Florida has led the way in combatting the pernicious effects of the ESG regime by directing our state pension fund managers to reject ESG and instead focus on obtaining the highest return on investment for Florida’s taxpayers and retirees.”
He continued, “At the time I said we would spearhead an initiative to join with other like-minded states to send an even louder message to the financial industry that the American people have rejected ESG at the ballot box, and ideologues cannot and should not circumnavigate the will of the people.”
DeSantis concluded, “Today, we have delivered on that promise. Florida has emerged as America’s economic engine, with an unemployment rate consistently lower than the nation’s and the highest rate of business formations of any other state. We will not stand idly by as the stability of our country’s economy is threatened by woke executives who put their political agenda ahead of their clients’ finances.”