A woke Wall Street titan picked a fight with Ron DeSantis with this shocking confession

Mar 4, 2024

Woke corporations are finally starting to receive pushback from Republican-led states.

That did not sit well with one left-wing business leader. 

And a woke Wall Street titan picked a fight with Ron DeSantis with this shocking confession.

Florida Governor Ron DeSantis has been taking a sledgehammer to wokeness in the Sunshine State.

He proudly declared that “Florida is where woke goes to die.”

DeSantis has led the charge to fight the Environmental, Social, and Governance (ESG) movement that politicizes investing to benefit the Left.

ESG prioritizes investing in companies that are politically favored by the Left, like green energy, while punishing companies in industries they oppose, like fossil fuels, by refusing to fund them.

The Left knows that they cannot pass their unpopular agenda through a legislature, so they are harnessing woke Wall Street players to try to get their desired political outcome.

Florida cracks down on ESG

DeSantis signed a law that banned Florida’s massive public pension funds from using ESG in their investment decisions.

Florida also pulled nearly $2 billion in investments the state had from asset management company BlackRock, the leader of Wall Street’s ESG push, because it places a political agenda over getting the best possible return for its clients. 

“We will not stand idly by as the stability of our country’s economy is threatened by woke executives who put their political agenda ahead of their clients’ finances,” DeSantis said.

Bank CEO says he’s woke and that ESG is good for business

One bank CEO did not get the memo about the growing pushback on ESG from red states.

Standard Chartered CEO Bill Winters told CNBC’s Squawk Box Europe that he is proudly supporting the ESG movement despite the growing backlash.

He was asked if he thought companies were scaling back their support for ESG.

“I don’t think there has been a big backing away,” Winters replied.

His bank is part of the “net zero” movement that is trying to eliminate carbon emissions by the year 2050.

Winters boasted that his bank was not backing off of that goal.

“We said one, we’re going to be thought leaders and action leaders in terms of policies around net zero and our clients have completely engaged with us. We have seen no backing away from that at all,” Winters said.

The Standard Chartered CEO declared that trying to eliminate fossil fuels was not “wokeness.”

“This is not philanthropy. This is not political wokeness. This is do the right thing for the planet, do the right thing for your business. That’s what we’re doing, and I don’t see other people backing away from that,” Winters stated.

He said that he had no issue with someone labeling him “woke.”

“Obviously, the political environment in the U.S. is toxic, times 10 — and so people are going quiet. But one of the states that I love is the biggest renewable power center in the United States is the state of Texas, right? Which is the state that has been leading the charge against pension fund managers who have a ‘woke’ agenda or whatever,” Winters told CNBC. “I mean, I do want to wake up one day and have a planet so if that makes me woke, shoot me.”

Winters let it be known that woke corporations are not going to go away quietly.

DeSantis Daily will keep you up-to-date on any new developments in this ongoing story.

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