Gov. Ron DeSantis is using public money for political gain — and it will cost Florida billions of dollars.
If you’ve seen DeSantis on the news, you’ve probably noticed his fixation on ESG — an acronym for environmental, social, and governance investing, or responsible investing. This obsession culminated in a sweeping bill headed to the governor’s desk that will force the state to cut ties with major banks, prohibit municipalities from raising green bonds, and prevent pension funds from assessing climate risk. It will fundamentally reshape banking in Florida — at a great cost.
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