Ohio Senate bill would prohibit state fund investments for environmental, social or environmental purposes: Capitol Letter

Rotunda Rumblings

Impact investing: A new bill in the Ohio Senate would prohibit the state’s five pension funds – as well as funds maintained by colleges and universities and the Bureau of Workers’ Compensation fund – from investing with environmental, social or corporate governance policies as primary goals. A spokesman for Ohio Senate President Matt Huffman called E.S.G. a “well-funded effort by foreign extremists to force dangerous globalist platforms into corporate boardrooms with a goal of undermining sound fiscal policies and the American economy.” None of the funds affected by Senate Bill 6 are involved in E.S.G. investing, which conservative politicians across the country are targeting, Laura Hancock reports.