Ron DeSantis is using government to stamp out ideas he doesn’t like. He doesn’t like investing public money into corporations that take into account climate change and diversity. Such standards are called ESG, or “environmental, social, and governance” standards.
So today he signed a law to block investment in funds with ESG standards. Anyone who cares about such things as climate change, he believes, is “WOKE.”
Florida is one of the most environmentally threatened states in the nation, but DeFascist opposes corporations that care about climate change.
Just last fall, the west coast of Florida was devastated by Hurricane Ian, a category 5 that caused more than $100 billion in damages, in addition to more than 150 deaths.
But DeSantis doesn’t want the state to invest its funds in corporations that want to act against climate change. Maybe he should take a public pledge not to ask for federal relief money when the next big hurricane hits Florida. Put the state’s money where his mouth is instead of sending us the bill for his bull.
The Orlando Sentinel reported:
Gov. Ron DeSantis signed into law Tuesday a bill banning state agencies and local governments from taking climate change and diversity factors into account when investing money.
The Government and Corporate Activism Act targets ESG, or environmental, social and governance standards, derided as “woke” by DeSantis and the GOP-led Legislature in their culture war battles.
Democrats and some business owners say the law could cost the state money and impact municipal bonds.
At an event in Jacksonville, DeSantis called ESG “an attempt by elites to impose ideology through business institutions, financial institutions, and our economy writ large. … They want to use economic power to impose this agenda on our society. And we think in Florida, that is not going to fly here.”
The bill, which passed both the House and Senate along mostly party lines, also bans banks from applying a “social credit score” and denying services to people based on political opinions or speech, which is defined to include religion, ownership of a firearm, being involved in “fuel-based energy, timber, mining, or agriculture,” or supporting the “combating illegal immigration.”
“You’ll actually hear from some folks today who’ve kind of been caught up in this morass where they’ve been discriminated against by financial institutions, just basically because they’re not toeing the ideological line,” DeSantis said.
DeSantis introduced Laura DiBenedetto, the owner of firearms store Sovereign Ammo in Flagler County, who quoted from George Orwell’s 1984 and claimed her industry was “already under totalitarian rule” because they were denied funding by lenders “because our profession didn’t pass muster for an acceptable business.”
The state pension fund has already started pulling out of investments in companies with ESG practices, including $2 billion from BlackRock, the largest asset-management firm in the world. The money was dispersed to other asset managers that also support ESG, however.
He’s so woke, he proposed a policy based on a woke-adjacent idea, BDS.
https://en.wikipedia.org/wiki/Boycott,_Divestment_and_Sanctions
Who are the people FUNDING this idiot?
DeSatan can claim he’s not anti-American and not working for Putin, but…he is on both counts.
I don’t recall him saying any pro-Putin stuff.
But he hasn’t been exactly forceful in his condemnation of the illegal Russian war of choice against Ukraine.
Sometimes I sincerely think that the sooner Florida sinks into the Gulf of Mexico the better. DeSantis was easily re-elected, so I can only think that the state has the government that it wants.
No, we don’t!!! Do not condemn the lot of us. There are many of us here who are aghast and saddened by the state of affairs in our state.
Lots of people did not vote for DeSantis. Unfortunately he won in a landslide.
The democratic party did not put effort into Florida’s last election. I hope they don’t feel it’s a lost cause by now.
Give credit where credit is due. Hitler had to have a SEPARATE Minister of Propaganda to conceive of and implement such Thought Control policies.
DeSantis is WACKY WOKE…he politicizes everything in an attempt to outdo his mentor, Donald J Trump ! They are in a contest to see who can be the WACKIEST WOKER !!!!
One word…REPULSIVE !
Three questions:
1) What’s left to talk about if they ban everything connected to “environmental, social, and governance?”
2) Does he think “RED TIDE” refers to him or the other climate change enhanced toxic algae shutting down beaches.
3) Has he looked at a map of Florida?
I think everytime Dangerously Deranged Despot DeSantis announces another anit-woke law, he is drilling another hole to let more water in to sink his political future.
And after DDDD’s political ship sinks, some extreme right billiaonres are funding the plot and are paying for the shovel DDDD will use to dig his political grave.
The last three paragraphs in this comment explain why.
Time magazine headline from last month: “Top DeSantis Donor Says He’s Ready to Put His Fortune Behind 2024 Bid”
https://time.com/6273585/ron-desantis-donor-robert-bigelow/
“Several Republican bigwigs, including Ken Griffin and Ronald Lauder, have said they won’t be donating to the former president’s 2024 campaign, with some thinking Ron DeSantis should be next to take the party’s mantle.”
https://www.vanityfair.com/news/2022/11/billionaire-backers-ditching-donald-trump
“The number of registered voters for the Republican Party is approximately 38.8 million. And much like its opposing parties, these numbers are competitive when compared against the Independent and Democratic parties. Republican voters can also lay claim to having seven red states as of the last Presidential election.”
“The Democratic voters have historically held an edge over Republican voters, and recent data shows that this data is still holding true. The number of Democratic voters is reported to be around 49 million (in 2019, this number was a lot lower) . The Dems also carried the lion’s share of registered voters in States that asked voters to declare affiliation, with 36 percent of voters declaring Democratic affiliation.”
https://worldpopulationreview.com/state-rankings/registered-voters-by-party
Every word, every move, everything elected MAGA-RINOs are doing will only insure Democratic voters turn out in mass in 2024 probably breaking voting records again, while about 10 to 15-percent of Registered Republican voters will not vote for a MAGA-RINO candidate that sounds like or worse than Traitor Trump.
Yes. It’s hard to imagine that, in the general, he can be successful based on such extreme positioning now, which will doubtless come back to bite him. I suspect that a lot of these people in places like Flor-uh-duh do not realize HOW FAR THE COUNTRY HAS MOVED BEYOND their backward positions, especially the young people of the country. There’s a weird provincialism going on here.
This law doesn’t actually prevent investment of state funds in co’s with ESG policies, it just specifies that the chief financial officer’s fiduciary duty to the state is to prioritize “pecuniary factors,” i.e. profits. “The term does not include the consideration or furtherance of any social, political, or ideological interests.” As noted, the $2 billion withdrawn from asset mgr Black Rock was dispersed to other asset managers that also support ESG.
Forbes’ Jon McGowan says this language doesn’t vary much from traditional definition of pecuniary duty [note the withdrawal from Black Rock happened in Dec, before this legislation was enacted.] Toward the end of his article, he says there’s a new legal theory making the rounds, which holds that protecting the environment must be factored in, because “failure to do so will result in the destruction of our environment and, therefore, end profits”! https://www.forbes.com/sites/jonmcgowan/2023/03/30/a-deeper-look-at-floridas-anti-esg-legislation-state-funds/?sh=51ed198f3cef
Legalism toward the same end
Why would any American want a tyrant like Ron DeSantis for President. He is clearly “showing his spots”. Today Disney, tomorrow General Motors, then Google, then Morgan Stanley. Say something bad about Ronnie and he will use Government to screw you over.
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The religious right wants DeSantis.
Check the percentage of voters of each church denomination that voted for Trump in 2020. Pew researched the demographic segment and posted results.
DeSantis treats the state like his own personal fiefdom. He steps on the rights of others and calls it “freedom.” The only rights that are honored are those that align with DeSantis’ personal beliefs. He is a menace to free thought, diversity, women, public education and ultimately democracy.
I hope this sort of fascist degeneracy doesn’t metastasize across the nation. If DeSantis gets his way Hobby Lobby and Chick-fil-A will be the only businesses operating in Florida.
Yeah, the anti-business stuff is not going to fly with wealthy Repugnican donors.