By Kevin Reddy, president of the Federated Fire Fighters of Wyoming, president of the Wyoming State AFL-CIO and chairman of the Wyoming Coalition for a Healthy Retirement. This past legislative session, Wyoming lawmakers sought to stop ESG investing with Wyoming’s state funds — the state’s investments under the management of the State Treasurer and the…
By Tim Hill, president of the Alliance for Prosperity and a Secure Retirement and a former director of the International Association of Fire Fighters (IAFF) Pension Resources Department One-third of U.S. voters have no retirement savings, and only 18 percent are “very confident” they will have enough money for their retired years. Four out of five are…
By Tim Hill, president of the Alliance for Prosperity and a Secure Retirement and a former director of the International Association of Fire Fighters (IAFF) Pension Resources Department Pensions form the backbone of the covenant between communities and the men and women who serve them as firefighters, police officers and teachers. In return for their…
By John Wittman, executive director of Americans for Free Markets, The Oklahoman The Oklahoma state Legislature passed the Energy Discriminations Eliminations Act (EDEA) in 2022, intended to prevent public state funds, including pension assets, from being managed by financial institutions that are deemed to be boycotting certain industries, including energy companies. The law empowered the…
By Chris Hollins, Houston’s city controller, Houston Chronicle As the Houston city controller, I am charged with managing our city’s investments. I’m the taxpayer watchdog, and I take spending Houston taxpayers’ money very seriously. That’s why, when people who live in an entirely different city pass policies that increase costs for Houstonians, jeopardize workers’ hard-earned…
By Daniel Wiessner, Reuters A federal judge in Missouri struck down on Wednesday the Republican-led state’s rule limiting the ability of financial professionals to consider environmental, social, and corporate governance factors in giving investment advice. U.S. District Judge Stephen Bough in Kansas City agreed with a trade group, the Securities Industry and Financial Markets Association,…
By Paul Verney, Responsible Investor Lawyers for public pension fund beneficiary seek court approval for further claims against blocked boycott legislation amid appeal threat. An Oklahoma public pension fund beneficiary whose legal action last month resulted in the US state’s anti-ESG law being permanently halted has returned to court seeking the judge’s endorsement for three…
By John Tamny, Forbes “We are not going to allow big banks to discriminate based on someone’s political or religious beliefs.” Those words come to us from Florida Gov. Ron DeSantis, amid his ongoing and rather puzzling war against business in his own state. DeSantis was trumpeting his signing of an “anti-ESG” law in Florida…
By Saul Elbein, The Hill Conservative Republicans’ attacks on gun control, abortion and climate-friendly investing practices are deeply unpopular — and costing Texas billions of dollars, according to a new poll. The findings by progressive advocacy group Unlocking America’s Future (UAF) included a survey that found that nearly three-quarters of Texans said they believe their…
The New York Times Magazine, Ron Lieber and Giacomo Gambineri Read Full Article from the Source
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