Republican governors unite to combat Biden's ESG agenda.

Florida Governor Ron DeSantis has formed an alliance with 18 other states to push back against President Biden's support for ESG investing, arguing that it is a threat to the US economy and individual economic freedom. The states plan to lead state-level initiatives to protect individuals from the ESG movement, including potentially blocking ESG at the state and local levels and withholding state pension funds and state-controlled investments from firms that use ESG. Republicans have championed legislation that would nullify the administration's existing ESG rule allowing managers of retirement funds to consider ESG factors.