Florida Governor Ron DeSantis declared war on wokeness.
He put one sinister plot in his crosshairs.
And Democrats were fuming when Ron DeSantis dropped the hammer on this woke scheme.
Wokeness is slowly creeping into every aspect of society.
The financial industry is no exception, as Democrats use it as a back door to force their radical agenda on the American people.
Democrats are using environmental, social and corporate governance (ESG) investing guidelines to harness the power of large financial institutions to carry out radical policies they can’t pass through any legislature.
ESG investing seeks to make investing “socially responsible” by making investments in left-wing special interests, like green energy, and supporting woke political causes as a top priority over delivering actual results for investors.
Industries that are politically disfavored by the Left, like fossil fuels and firearms, are being choked off from capital for violating ESG principles.
Meanwhile, investors – like anyone with a 401(k) or retirement plan – are getting the short end of the stick so woke financial institutions can use their enormous financial power to push the left-wing political agenda.
Florida Governor Ron DeSantis is working to put an end to this woke scheme in the Sunshine State by barring the state’s public pension funds from using ESG criteria.
He approved a measure to prohibit the Florida Retirement System Pension Plan from using ESG in their investment decisions.
The Governor’s office said the resolution will ensure the state’s pensions “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 ESG.
Democrat-controlled states are injecting ESG into their public pension funds to force the Left’s woke agenda at the expense of retirees.
“Corporations across America continue to inject an ideological agenda through our economy rather than through the ballot box,” DeSantis said in a press release. “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.”
Governor DeSantis’ resolution mandates that public pension funds only make investment decisions based on monetary factors in seeking the best possible return.
The State Board of Administration, which oversees Florida’s public pensions, “may not sacrifice investment return or take on additional investment risk to promote any non-pecuniary (monetary) factors.”
DeSantis is looking to build on this in the upcoming session of the Florida legislature with new legislation prohibiting financial institutions from “discriminating against consumers for their religious, political, or social beliefs,” and banning “ESG Credit Scores” from being used in financial decisions.
The move comes after Florida divested $2 billion from BlackRock, the shady Wall Street firm that has racked up $10 trillion in assets under management since becoming the federal government’s chosen winner of the 2008 financial crisis, and is now leading the ESG push.
Florida Chief Financial Officer Jimmy Patronis told BlackRock that the state would be taking its business elsewhere because of the company’s support of ESG.
Radical left-wing ideology has no place in a state’s pension system.
Ron DeSantis is putting Floridians who entrusted their retirement to the state’s public pension system first by banning this counterproductive political agenda.
Stay tuned to Conservative Underground News for any updates to this ongoing story.