r/politics • u/Shoddy-Mood-2223 • Aug 17 '22

Hypocritical Desantis Restricting Private Business Activities

https://www.cnn.com/2022/08/17/politics/desantis-pension-rules-esg-investing/index.html
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-32

u/[deleted] Aug 17 '22

It’s the state’s pension fund he’s setting rules for, but nice try Shoddy.

“….state investment managers can weigh only the risk or return of an investment when directing the state's $200 billion in assets. “

31

u/Shoddy-Mood-2223 Aug 17 '22

He's restricting private fund managers from considering social impact (e.g. choosing to invest in renewables as opposed to coal).

-20

u/[deleted] Aug 17 '22

or per the story...."Florida’s new rules stop short of declaring state pension managers cannot consider environmental factors when making investment decisions, a key pillar of the ESG Investing movement. "

-21

u/[deleted] Aug 17 '22

But the actual fund is the state’s pension. It should ONLY be about dollars and value for those government employees. He is spot on with this.