North Carolina Republicans send green investment ban to governor
1 year, 6 months ago

North Carolina Republicans send green investment ban to governor

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A ban on green investing has cleared North Carolina’s GOP-controlled legislature as part of a broader Republican crusade against big businesses that champion sustainability and workplace diversity. The measure, which won final legislative approval Tuesday, bans state agencies from using “environmental, social and governance” standards to screen potential investments, award contracts or hire and fire employees. Sen. Dave Craven, a Randolph County Republican and primary sponsor, said the bill “ensures that our pension fund is solvent” by requiring the state to prioritize financial considerations over social or environmental factors. Effective as soon as it becomes law, it would require the state treasurer to solely consider factors expected to have a material effect on the financial risk or financial return of an investment.

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History of this topic

Ban on environmentally conscious investment advances in North Carolina Senate
1 year, 7 months ago

Ban on environmentally conscious investment advances in North Carolina Senate

Associated Press  

RALEIGH, N.C. — North Carolina agencies and state pension plans would be prohibited from using socially and environmentally conscious criteria to make investment decisions or hire employees, under legislation that advanced Wednesday in the state Senate. The legislative push in North Carolina comes after President Joe Biden’s administration asked a federal judge on Monday to toss out a lawsuit by …

NC governor vetoes bill barring donations to run elections
3 years, 1 month ago

NC governor vetoes bill barring donations to run elections

Associated Press  

RALEIGH, N.C. — Democratic Gov. Roy Cooper vetoed Republican legislation Thursday that would bar North Carolina election boards and officials in counties from accepting private money to run elections. But Cooper said in a statement that nonprofit and nonpartisan grants provided masks, pens and other protective equipment “so voters stayed safe during the pandemic.” “The legislature should start properly funding …

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