April 11, 2023
Photo – White House – Bigfoot99 file photo
Wyoming has joined an 18-state coalition that has pledged to fight the Biden Administration’s environmental, social, and corporate governance agenda.
Florida Governor Ron DeSantis is leading the coalition.
The coalition argues President Joe Biden’s ESG agenda is “destabilizing the American economy and the global financial system.”
At stake are state retirement systems and other investment funds. Fund managers for the state systems reject the left-leaning social change orientation of ESG and instead focus on obtaining the highest return on investment.
The multi-state coalition pledged to fight the administration ESG policies after 25 state attorneys general sued the administration over them in January.
In a joint statement issued Thursday, the governors said President Biden has “put his political agenda above the well-being and individual freedoms of hardworking Americans.”
The Biden rule risks the pensions of thousands of hard-working Americans, the state states argue, instead of “prioritizing investment decisions on the highest rate of return.”
The lawsuit filed in the U.S. District Court Northern District Amarillo Division named Secretary of Labor Martin Walsh and the U.S. Department of Labor as defendants.
Joining Florida and Wyoming in the lawsuit, are Alabama, Alaska, Georgia, Idaho, Iowa, Mississippi, Missouri, Nebraska, New Hampshire, North Dakota, Oklahoma, South Dakota, Tennessee, Utah and West Virginia.
