Watch out, woke investors—Ron DeSantis is coming to get ya, even if it means screwing over his own constituents.

On Tuesday, DeSantis signed into law a bill that forbids state and local governments in Florida from investing public money into funds and entities that consider environmental, social, and governance factors—or ESG. House Bill 3 is a sweeping law with lots of implications for both money within the state as well as the GOP’s larger culture wars.

The origins of bills like these began in Texas, when the state passed a law in 2021 that forbid it from doing business with banks and other entities that “boycott” the fossil fuel industry. Since then, the anti-ESG movement has picked up steam in statehouses around the country, as at least seven states in addition to Florida have passed laws or adopted measures to target ESG investing. GOP lawmakers in Congress have also tried to take the fight national, by targeting Biden administration policies meant to encourage ESG. Culturally, […]