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Florida bans ESG investing in $ 228 Billion state pension funds

State

Committee Implicated:

Government Operations, Economic Development and Workforce Services, Public Utilities Energy and Technology

Summary

FL State Board of Administration passed a resolution directing state investment managers to not consider ESG qualification in making investment decisions for the state pension fund.

Federalism Implications

Several states are challenging current Federal efforts to incentivize the inclusion of ESG considerations in investment portfolios under their control.

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