
The Florida governor has decried investment strategies with environmental, social and governance goals as “ideological joyrides,” and last month signed a law that bars state officials from making ESG investments or ESG bond sales.
Other Republican-led states have followed suit: Utah, Alabama, Alaska, Arkansas, Iowa, Kentucky, Louisiana, Mississippi, Missouri, Montana, Nebraska, Ohio, South Carolina, South Dakota, Texas and West Virginia have passed similar measures, sometimes pulling billions of dollars from the massive investment firm BlackRock for promoting sustainable energy investments.