Biden put politics over pensions by vetoing a bill that would have prevented fund managers from using woke ESG criteria in deciding where to invest Americans’ pension savings. This is like a tax on pensions.
Fortunately, most red state governors are saying hell no to ESG.
This week 19 governors signed a statement committing to:
I. Protecting taxpayers from ESG influences across state systems: Among other actions, this may 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.
II. Protecting citizens from ESG influences in the financial sector: Among other actions, this may include 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.
Here is the full list of the champion governors who made this commitment.