NAPLES, Fla. — Gov. Ron DeSantis is proposing bans and protections against Environmental, Social and Governance investing, or ESG.
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DeSantis blames ESG investing for cutting off the credit for the Geo Group, that’s a Florida-based private prison company.
They were discredited following a social justice campaign against immigration detention in 2019.
One of the proposals includes protections against discrimination by banks for political, social, or religious beliefs.
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Another is a ban against local and county governments from depositing funds into banks that allow ESG investing.
These will be proposed to the state legislature in March.
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