The Associated Press reports:
The measure, which won final legislative approval Tuesday, bans state agencies from using “environmental, social and governance” standards to screen potential investments, award contracts or hire and fire employees.
It also says the state cannot weigh how a company promotes sustainability, engages with its community or structures its leadership to support those goals.
Sen. Dave Craven, a Randolph County Republican and primary sponsor, said the bill “ensures that our pension fund is solvent” by requiring the state to prioritize financial considerations over social or environmental factors.
Read the full article.
As you can see below, Craven, a freshman appointee to the state senate, is pals with anti-LGBTQ Christian nationalist Lt. Gov. Mark Robinson, who is running for governor.
North Carolina’s Republican-controlled legislature has sent the governor a ban on green investing as part of a broader GOP crusade against big businesses that champion sustainability and workplace diversity. The bill passed by the Senate Tuesday bans st… https://t.co/lwIFV8AgEt
— KSTP (@KSTP) June 13, 2023