North Carolina Gov. Roy Cooper and ESG investing suffered another setback this week when the Republican-controlled legislature voted to override his veto of legislation prohibiting the climate-focused financial strategy from being used with state pension funds.
The veto override was the latest rebuke of Mr. Cooper from a lawmaker who defected from the Democratic Party. Saying that the “modern-day Democratic Party has become unrecognizable to me,” Rep. Tricia Cotham switched to Republican in April, giving the GOP a veto-proof majority in the House.The legislature has since overridden Mr. Cooper’s vetoes of bills to impose a 12-week abortion ban, loosen wetland protections and prohibit asking state job applicants about political beliefs.
More than a dozen other states such as Texas, Florida, West Virginia and Louisiana, have passed laws barring— short for environmental, social and corporate governance investing — from use in managing public pension programs. The hot-button practice, which conservatives call “woke socialism,” takes into consideration non-monetary factors like climate change and social justice politics that proponents say could impact long-term investment returns.
North Carolina Retirement Systems includes more than 1 million retirees and is valued at roughly $114 billion. It is the 12th largest public pension fund in the U.S.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Delta flight with 96 passengers aboard screeches across runway in North Carolina emergency landingIt was a Boeing belly flop.
Consulte Mais informação »
Judge considering blocking parts of North Carolina abortion law won't halt broader 12-week banA federal judge says she won’t block temporarily a large swath of North Carolina’s abortion law taking effect this weekend that includes a near-ban after 12 weeks of pregnancy
Consulte Mais informação »
North Carolina Man Celebrates 100th Birthday in the CockpitIt’s a bird! It’s a plane! Close. It’s John Hartness -- “Uncle John” from North Carolina -- in the cockpit celebrating his 100 birthday.
Consulte Mais informação »
Man faces felony charges for 'unprovoked' attack on dog in North Carolina park, police sayThe dog's owner had been playing pickleball when a man approached and 'eviscerated' her dog, Asheville police said.
Consulte Mais informação »
North Carolina officials remove plane wreckage of 1983 crash from national parkThe wreckage is from a Cessna 414S plane that crashed in November of 1983, killing both people on board.
Consulte Mais informação »