DeSantis targets ESG and 'woke' investments with new Florida law.

Florida Governor Ron DeSantis signed a bill that bans state and local governments from considering environmental, social, or governance (ESG) factors in their investment decisions. The bill also obligates state-registered banks to make loans to industries such as fossil fuels, private prisons, and firearms manufacturing. Financial experts believe the bill is a political stunt with little practical impact. DeSantis has sought to crackdown on ESG investing and published a book on the movement against "woke capital" in February. The bill could chase the nation's first sustainability bank out of the state.