DeSantis joins 18 states in opposing Biden’s ESG plan

OAN Brooke Mallory
UPDATED 11:57 AM – Thursday, March 16, 2023

Governor Ron DeSantis made an announcement about an official alliance with 18 states in an effort to oppose President Joe Biden’s advocacy. “ESG” Thursday

ESG stands to environmental, social and corporate governance testing. It’s used by investors to help them choose the right stocks and bonds.

Biden and his Administration, which support environmental, corporate, and social testing, insist that this framework assists companies in shifting to more sustainable activities. ESG ratings are also a way for companies to assess their risk mitigation efforts.

The majority of carbon dioxide emissions from engineering, manufacturing, construction, architecture, and architecture is typically 60%. This is alarming for groups that support ESG.

The states and governors opposing ESG claimed that they wanted to ‘protect individuals from the movement that threatens the vitality of the American economy.’

In early March, the Senate approved a disapproval resolution to end the Department of Labor ruling encouraging investors to consider ESG when making investment decisions.

Senators Joe Manchin (D.W.Va.), and Jon Tester(D.Mont.) In support of the resolution, Senate Republicans also joined forces with Senator Joe Manchin (D–W.Va.), and Jon Tester(D–Mont.).

The full list of governors that formed an alliance was compiled from states such as Arkansas, Georgia Idaho, Mississippi, Missouri and Nebraska.

They called this an attempt to oppose the American retirement fund system. “woke” investments.

“The proliferation of ESG throughout America is a direct threat to the American economy, individual economic freedom, and our way of life, putting investment decisions in the hands of the woke mob to bypass the ballot box and inject political ideology into investment decisions, corporate governance, and the everyday economy,” The joined states were declared.

After passing the House and Senate, the resolution was sent back by Biden to his desk. However, the White House assured that the president would veto it.  

“Yet again, President Biden put his political agenda above the wellbeing and individual freedoms of hardworking Americans… 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,” The governors agreed.

Governor Ron DeSantis, a Republican from Florida, took over as the driving force behind the fight against ESG investing. He led the 18 states in resisting the Biden administration. “woke” agenda. He made a 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… 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. 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,” DeSantis.

Keep informed Get breaking news straight to your inbox. Sign up here https://www.oann.com/alerts

Kaya Jones

Jenna Ellis

Melissa Melendez

Teddy Daniels

By Eduardo Baptista and Josh Ye BEIJING/HONG KONG (Reuters) -China’s Baidu unveiled its much-awaited artificial intelligence-powered chatbot known as Ernie Bot on…

LONDON (Reuters) -Britain is set to announce a ban on TikTok on government phones on Thursday, PA Media reported, a move that…

By Ben Blanchard TAIPEI (Reuters) – Taiwan chipmaker TSMC’s talks with the German state of Saxony about building a new factory are…

(Reuters) – Bankrupt cryptocurrency exchange FTX made transfers of about $2.2 billion to company founder Sam Bankman-Fried through related entities, the company’s…