This week, Florida CFO Patronis directed "all participating asset managers to remove ESG investment funds as options for participants in the Deferred Compensation Plan." In effect, Patronis has now barred investments in ESG funds by the $5.1 billion Florida Deferred Compensation Plan.

Overall, this is hardly a surprising development. The State of Florida has been at the forefront of efforts to direct state pension funds and other sources of capital away from ESG-compliant investing and towards more "traditional" investment goals. This latest effort is merely the most recent salvo in that ongoing campaign. READ MORE