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‘Anti-Woke’ DeSantis Mixes Politics, Money in Florida Pensions

Florida targets ice cream maker, supports state businesses despite governor's calls to keep politics out of investment decisions

Florida Governor Ron DeSantis speaks during an event in July.

Florida Governor Ron DeSantis speaks during an event in July.

Source: Facebook/Office of the Governor

When Florida Governor Ron DeSantis took to a stage in July to discuss his plan to ban the state’s pension system from including Environmental, Social and Governance factors in its investment decisions, he framed it as a way to keep politics out of the process.

What DeSantis didn’t mention is that the $200 billion Florida Retirement System is already being used in a very small way to serve ideological and social objectives. They just happen to jibe with the interests of the governor and his two fellow Republican trustees.