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DeSantis Signs Anti-ESG Legislation

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Marathon City Manager Chuck Lindsey and DeSantis. On April 16, 2019, Florida Gov. Ron DeSantis visited U.S. Coast Guard Station Marathon to meet with Monroe County and municipality officials. Photos by Kristen Livengood

Your Survival Guy doesn’t like the fact that pensions for retired teachers, firefighters, police officers, etc. are used to fight the ESG movement. Using other people’s money (OPM) when they don’t get a vote is not cool. Ron DeSantis signed legislation in Florida today to push back on the use of ESG in the state. DeSantis’s office released this:

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JACKSONVILLE, Fla. — Today, Governor Ron DeSantis signed comprehensive legislation to protect Floridians from the corporatist environmental, social, and corporate governance (ESG) movement — a worldwide effort to inject woke political ideology across the financial sector, placing politics above the fiduciary duty to make the best financial decisions for beneficiaries. Today’s announcement follows through on the Governor’s proposal announced earlier this year. Additional information on the legislation can be found here:

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.