North Carolina bill banning ESG in hiring, investment sent to governor’s desk

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The North Carolina Senate sent a bill banning the consideration of environmental, social and governance scores in state hiring and investment decisions to the governor's desk.

North Carolina is one of many states attempting to fight ESG. Gov. Ron DeSantis, R-Fla., signed a bill in May barring state officials from investing public money to promote ESG goals and prohibiting ESG bond sales.

Thirteen states have also considered measures to prevent discrimination against the fossil fuel industry, while three states have introduced bills that would restrict both disadvantaging fossil fuel companies and considering ESG factors in state investment decisions.

 

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