<p>Florida Republican Governor <a href="http://dailywire.com/topic/ron-desantis" target="_blank" rel="noopener">Ron DeSantis</a> approved measures on Tuesday to prevent the <a href="http://dailywire.com/topic/florida" target="_blank" rel="noopener">Florida</a> Retirement System Pension Plan from investing in accordance with the environmental, social, and corporate governance movement, also known as <a href="http://dailywire.com/topic/esg" target="_blank" rel="noopener">ESG</a>.</p>
<p>According to DeSantis&#8217; office, the approval of the resolution will <a href="https://www.flgov.com/2022/08/23/governor-ron-desantis-eliminates-esg-considerations-from-state-pension-investments/" target="_blank" rel="noopener">ensure</a> that public fiduciaries “invest state funds in a manner that prioritizes the highest return on investment for Florida’s taxpayers and retirees without considering the ideological agenda” of the ESG movement. Critics say the philosophy confuses profit maximization with political and social agendas such as reducing carbon emissions or promoting purported racial equity.</p>
<p>“Corporations across America continue to inject an ideological agenda through our economy rather than through the ballot box,” DeSantis said in a <a href="https://www.flgov.com/2023/01/17/governor-ron-desantis-further-prohibits-woke-esg-considerations-from-state-investments/" target="_blank" rel="noopener">press release</a>. “Today’s actions reinforce that ESG considerations will not be tolerated here in Florida, and I look forward to extending these protections during this legislative session.”</p>
<p>The <a href="https://www.flgov.com/wp-content/uploads/2022/08/ESG-Resolution-Final.pdf" target="_blank" rel="noopener">resolution</a> mandates that investment decisions “must be based only on pecuniary factors” that exclude the “consideration of the furtherance of social, political, or ideological interests” and adds that the State Board of Administration “may not sacrifice investment return or take on additional investment risk to promote any non-pecuniary factors.”</p>
<p>DeSantis proposed measures for the new Florida Legislature that would bar financial institutions from “discriminating against consumers for their religious, political, or social beliefs,” as well as prohibit ESG rankings from preventing residents from accessing financial services.</p>
<p>“I and my fellow trustees have an obligation to make responsible investment decisions on behalf of the beneficiaries we represent, not cater to woke corporate executives trying to force political ideology,” Florida Attorney General Ashley Moody said in the press release. “Through this action today, we will continue to fight back against ESG agendas that put partisan ideology ahead of financial returns for Florida’s retirees.”</p>
<p>The actions from DeSantis come one month after the Florida Treasury <a href="https://www.dailywire.com/news/florida-pulling-2-billion-from-blackrock-as-company-pushes-social-engineering-with-taxpayer-dollars" target="_blank" rel="noopener">divested</a> $2 billion from asset management company BlackRock, a leading proponent of the ESG movement. Florida CFO Jimmy Patronis informed BlackRock CEO Larry Fink that the state needs “partners within the financial services industry who are as committed to the bottom line as we are” and added that the state would be “taking its business elsewhere.”</p>
<p>The divestment was among the largest such efforts from other state governments led by Republican officials, who have contended that prominent asset managers’ voting priorities, such as pressuring portfolio companies to transition away from fossil fuels, constitute the mismanagement of public assets. BlackRock has taken “voting action on climate issues” against dozens of portfolio companies, according to an investment stewardship <a href="https://www.blackrock.com/corporate/literature/publication/our-commitment-to-sustainability-full-report.pdf" target="_blank" rel="noopener">report</a>, leading some officials to note that such activism could <a href="https://www.dailywire.com/news/state-attorneys-general-move-to-block-vanguards-climate-crusade-from-impacting-public-power-grids" target="_blank" rel="noopener">raise</a> nationwide energy prices.</p>
<p>Republican state treasurers <a href="https://www.dailywire.com/news/states-have-pulled-nearly-12-billion-from-blackrock-this-year" target="_blank" rel="noopener">divested</a> some $12 billion from BlackRock last year. Fink said at the World Economic Forum that skepticism toward the ESG movement has become “personal” and said opponents of the philosophy are seeking to “demonize the issues.” The comments came days after Elon Musk <a href="https://www.dailywire.com/news/elon-musk-the-s-in-esg-stands-for-satanic" target="_blank" rel="noopener">quipped</a> on social media that “the S in ESG stands for Satanic.”</p>

<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<script async src="https://www.tiktok.com/embed.js"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

‘Will Not Be Tolerated Here In Florida’: DeSantis Purges ESG From State Retirement System

Bud Light Sales Continue To Plummet, May Soon Lose Status As Number-One Beer

‘Profoundly Christian’: Former Head Of Anglican Church Presses British Government To Endorse Assisted Suicide

Ben Shapiro Reacts To Debt Limit Deal, Hits Both Democrats And Republicans Over Spending Habits

‘The Chosen’ Defends Pride Flag Spotted On Set: ‘Let The Show Speak For Itself’

Chick-Fil-A Faces Backlash As Their Diversity Efforts Resurface, Other Woke Brands Take Beating

North Korea Sentenced Two-Year-Old To Life In Prison After Family Caught With Bible: State Department

News

Economy

Florida

Politics

Ron DeSantis

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

The Pendragon Cycle

Menu

— News —

‘Will Not Be Tolerated Here In Florida’: DeSantis Purges ESG From State Retirement System