Ron DeSantis is holding woke corporations accountable.
In the past, RINO politicians kept the gravy train going for these corrupt corporations.
But now Gov. DeSantis is taking the fight directly to them.
One of the big new catchphrases in woke corporate America is ESG. It stands for “Environmental, Social, and Governance,” and it essentially means that corporations are more focused on promoting Left-wing causes than they are on making a profit for their shareholders.
Of course, not all corporations follow this idiotic principle. Some still believe in capitalism, and try to be financially successful and make money for their shareholders.
But the corporations that do follow ESG have become extremely popular with Democrat and RINO politicians.
One of these corporations is called BlackRock, and it is the largest asset manager in the world.
Their CEO, Larry Fink, has been one of the leading proponents of ESG. He has been crusading for Left-wing political causes and trying to use his business to further these causes, instead of make money.
But now, thanks to Florida Gov. Ron DeSantis, it is going to cost them big-time.
According to Orlando Weekly, “Florida will pull $2 billion from the largest asset-management firm in the world over ideological differences.”
“State Chief Financial Officer Jimmy Patronis announced Thursday that Florida will immediately freeze about $1.43 billion in long-term securities and about $600 million in short-term overnight investments managed by BlackRock because of the firm’s use of ‘Environmental, Social, and Governance’ standards – known as ESG.”
Patronis is one of Gov. DeSantis’s right-hand men, and the DeSantis administration is making it clear that they are not going to fund Left-wing causes.
No matter how ideologically committed Larry Fink is to ESG and to Left-wing causes in general, he has to keep his business afloat. And that is going to be a lot harder now that they are on the hook for $2 billion.
This is the latest in a series of moves by DeSantis to fight back against ESG.
The article continues, “In August, Patronis, Gov. Ron DeSantis and Attorney General Ashley Moody, in their role as trustees of the State Board of Administration, approved a resolution that directed pension-fund managers against using ESG ratings when investing state money.”
The message from DeSantis is clear. If corporate CEO’s want to pursue a bunch of crazy Left-wing causes, that’s their business. But they shouldn’t expect a dime of money from the taxpayers if they do.
The First Amendment allows people to express Left-wing views if they want, but it does not guarantee them a gravy train of government money.
And DeSantis has sent the message to these CEO’s that their gravy train will be cut off, just like BlackRock’s was, if they keep up their nonsense.
Conservative leaders need to follow in the steps of Gov. DeSantis if they truly want to fight back against the corporate monopoly of the Left.
And now that DeSantis has led the way, it remains to be seen if other Republicans will have the guts to do the same.