States Fight Back Against ESG Wokeness
On February 13, Florida Governor Ron DeSantis was joined at a press conference by Florida Senate President Kathleen Passidomo and Florida House Speaker Paul Renner to announce comprehensive legislation “to protect Floridians from the woke environmental, social, and corporate governance (ESG) movement that continues to proliferate throughout the financial sector.” At the time of this writing, that legislation, House Bill 3 (HB3), has passed both houses of the Florida Legislature and is expected to be signed by Governor DeSantis. It will then serve as model legislation for 20 or more additional states that have lined up against the Wall Street-ESG juggernaut.
“Today’s announcement builds on my commitment to protect consumers’ investments and their ability to access financial services in the Free State of Florida,” declared Governor DeSantis. “By applying arbitrary ESG financial metrics that serve no one except the companies that created them, elites are circumventing the ballot box to implement a radical ideological agenda. Through this legislation, we will protect the investments of Floridians and the ability of Floridians to participate in the economy.”
“The goal of corporate activism seen in environmental, social, and governance investing (ESG) is to bypass democracy and transform capitalism to serve an ideological agenda,” said House Speaker Paul Renner. “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. I am proud to stand with Governor DeSantis and Senate President Passidomo to put taxpayers, investors, and Florida retirees first.”
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