By Robert Coutinho Today I was reading an article https://thehill.com/homenews/state-watch/3984507-desantis-signs-bill-targeting-discriminatory-esg-in-florida/ by Saul Elbein in The Hill. The article was describing legislation that was just signed by Florida Governor Ron DeSantis. The legislation, signed above a lectern that read, GOVERNMENT OF LAWS, NOT WOKE POLITICS, requires banks to loan to, “…business with for-profit prisons, guns, porn, […]
"When the rating agencies developed and rolled out their ESG scores, they said their ESG scores would not impact an issuer's credit rating. We are holding them to their word," said Ben Watkins, director of the state Division of Bond Finance.
In late March, thousands of senior citizens blocked the entrances to the country’s biggest banks in a nationwide climate protest. These advocates are frustrated with banks for helping to fund fossil fuels.