Skip to main content

DeSantis announces plan to combat ESG influence in Florida

Florida Republican Gov. Ron DeSantis spoke out to Tucker Carlson on Fox News Channel regarding Environmental Social Governance (ESG) and his new plan.

The Florida State Pension System will now be under a "flat ban" against incorporating the globalist ESG platform into its investments, Gov. Ron DeSantis announced on Fox News Wednesday.

DeSantis told "Tucker Carlson Tonight" the proponents of ESG – which places what its supporters say are environmentally-necessary regulations – like to "wiggle around" definitions and verbiage to supersede the purely fiduciary responsibilities of fund managers.

"It's basically a way for [ESG proponents] to do politics," the Republican governor said. "So we're going to make sure that that fiduciary duty is defined very clearly and that they stick to that. We also want to provide protections for people in the financial marketplace from being discriminated against based on ideology."

DeSantis said some Wall Street banks are already inserting their politics in their investments in other ways – discriminating against contractors unfriendly to unfettered immigration or those firms who invest in firearms manufacturers while Democrats seek to pass gun control laws opponents say infringe on the Second Amendment.

GREEN GOVERNANCE THE NEW GUISE FOR MERCANTILISM; WILL LEAD TO GLOBAL INSTABILITY: HERITAGE PRESIDENT

In terms of ESG influence, DeSantis said asset managers will require extreme environmentalism to be considered along with typical fiduciary responsibilities.

"They will require ESG. The companies themselves will do it," he said. "I think there's a couple of reasons. I mean, I do think part of this is there's woke employees in these companies and the inmates have basically run the asylum. So some of the CEOs bend to that."

DUTCH FARMERS FORM FREEDOM CONVOYS TO PROTEST GOVERNMENT'S STRICT ENVIRONMENTAL RULES

Fully implementing ESG governance into the U.S. financial or agricultural sector would throw the nation into chaos, DeSantis suggested-- predicting a "disaster" for the U.S. economy.

"It takes power away from the American people and lodges it into these international corporate titans. And that's not, I think, what our Founding Fathers ever intended," he said.

NEWT GINGRICH BLASTS PENNSYLVANIA DEMOCRATS' ENTRY INTO RGGI GREEN ENERGY INITIATIVE

In recent weeks, nations like Sri Lanka, Holland and even Canada have enacted or made plans to enact ESG-influenced policies and restrictions.

Bans on chemical fertilizers in Sri Lanka led to shortages and economic instability – and protesters in the capital Colombo forced President Gotabaya Rajapaksa to evacuate his palace.

CLICK TO GET FOX NEWS APP

In the Netherlands, similar green restrictions led to irate farmers blockading roads and protesting Prime Minister Mark Rutte's government after the country – which is the second-largest global food exporter beside the United States – forced its agriculture sector into chaos.

Most recently, Canadian Prime Minister Justin Trudeau announced plans to mandate reduced agricultural emissions, which a Bloomberg analysis suggested would "risk [its] grain output."

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.