• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Thursday, May 8
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025

    ‘Wait Them Out’: John Kennedy Tells Larry Kudlow One Lie He Suspects China’s Telling US

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Politics»Governors Of 18 States Form Coalition To Fight Biden Administration’s ESG Policy
Politics

Governors Of 18 States Form Coalition To Fight Biden Administration’s ESG Policy

March 17, 2023No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Governors Of 18 States Form Coalition To Fight Biden Administration's ESG Policy
Share
Facebook Twitter LinkedIn Pinterest Email

By Bethany Blankley (The Center Square)

Florida Gov. Ron DeSantis is leading a coalition of governors from 18 states who’ve pledged to fight the Biden administration’s environmental, social and corporate governance agenda.

The governors said Biden’s investment agenda is a “decision to jeopardize retirement savings for millions of Americans to promote far left priorities.”

Joining DeSantis are the governors of Alabama, Alaska, Arkansas, Georgia, Idaho, Iowa, Mississippi, Missouri, Montana, Nebraska, New Hampshire, North Dakota, Oklahoma, South Dakota, Tennessee, Utah, West Virginia and Wyoming.

The coalition argues President Joe Biden’s ESG agenda is “destabilizing the American economy and the global financial system.”

“At my direction, Florida has led the way in combating 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,” DeSantis said, referring to the state last August divesting its retirement system from funds that prioritize ESG.

Related: DeSantis Says America’s Interests Are More Important Than Ukraine, Infuriating Warmonger Republicans

The coalition pledged to fight against the administration’s ESG policies after 25 state attorneys general sued the administration over them in January. Many in the governors’ coalition overlap with states represented in the AG coalition.

Last August, DeSantis vowed to “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.” The governor’s coalition, he said, “delivered on that promise.”

See also  Wall St drops as Powell doubles down on inflation fight

In a joint statement issued on Thursday, the governors said, “Congress exercised its powers under the Congressional Review Act” to disapprove a Department of Labor Rule, which the president has threatened to veto. In doing so, Biden has “put his political agenda above the well-being and individual freedoms of hardworking Americans.”

The coalition of governors said “… 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 rule risks the pensions of thousands of hardworking Americans, they argue, instead of “prioritizing investment decisions on the highest rate of return.”

The rule, “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights,” follows an executive order Biden issued last May. In it, he directed the federal government to implement policies “to help safeguard the financial security of America’s families, businesses and workers from climate-related financial risk that may threaten the life savings and pensions of U.S. workers and families.”

The rule change “will bolster the resilience of workers’ retirement savings and pensions by removing the artificial impediments – and chilling effect on environmental, social and governance investments – caused by the prior administration’s rules,” Acting Assistant Secretary for the Employee Benefits Security Administration Ali Khawar said in a statement last fall. “A principal idea underlying the proposal is that climate change and other ESG factors can be financially material and when they are, considering them will inevitably lead to better long-term risk-adjusted returns, protecting the retirement savings of America’s workers.”

See also  Another Illinois teachers' union official hypocritically sends his children to private school while fighting school choice for others

Related: DeSantis Slams Biden’s ‘Blank Check’ Policy For Ukraine After President’s Surprise Visit to Kyiv

The governors argue that retirees are “already suffering from the reckless fiscal policies of the Biden Administration” and are likely to “continue to experience diminished returns on the investment of their hard-earned money while the corporate elite continue to use their economic power to impose policies on the country that they could not achieve at the ballot box.”

The governors have vowed to protect their residents and taxpayers by implementing several measures. These include “blocking the use of ESG in all investment decisions at the state and local level, ensuring that only financial factors are considered to maximize the return on investment, protecting retirees and taxpayers alike.” It may also include “eliminating consideration of ESG factors by state and local governments when issuing bonds or prohibiting state fund managers from considering ESG factors when investing taxpayer money.”

The governors also vowed to protect citizens from ESG influences in the financial sector by “banning the financial sector from considering so called ‘Social Credit Scores’ in banking and lending practices aimed to prevent citizens from obtaining financial services like loans, lines of credit, and bank accounts.” They’re also considering “stopping financial institutions from discriminating against customers for their religious, political, or social beliefs, such as owning a firearm, securing the border, or increasing our energy independence.”

The AG’s lawsuit was filed in U.S. District Court Northern District Amarillo Division and names Secretary of Labor Martin Walsh and the U.S. Department of Labor as defendants.

See also  Manhunt Underway For Roy McGrath, Maryland Governor's Former Chief Of Staff

Syndicated with permission from The Center Square.

Administrations Biden Coalition ESG Fight form governors policy states
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The AI Superpower Rivalry: A Zero-sum Game Between China and the United States? 

March 21, 2025

Thai PM Calls For Study Into Effects of Trump Trade Policy

February 12, 2025

Goldman Sachs Scrapping Policy That Said Company Wouldn’t Take Businesses Public That Had All White, Male Boards

February 11, 2025

Symbolic No More? China’s Evolving Policy Tools Against US Sanctions

February 3, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Collective Force of Head Hits Increases Odds of CTE, Study Says

June 20, 2023

How To Stay Safe While Shopping At Walmart

August 29, 2024

Nvidia Builds Toned Down Microchips to Be Sold in China

March 21, 2023

10 Best Heating Pads for Back Pain, Doctor-Approved 2023

August 14, 2023
Don't Miss

Trump Announces First Post-Tariff Trade Deal

Business May 8, 2025

President Donald Trump announced Thursday the U.S. has reached a trade agreement with the U.K.,…

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,110)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,626)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Stocks moving big after hours: ANET, MGM, SYK, CHGG

May 2, 2023

China’s EV maker Zeekr opens orders for two luxury cars in Sweden, Netherlands

June 28, 2023

Glencore offers cash to Teck shareholders in play for deal support

April 12, 2023
Popular Posts

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.