Republicans ride ESG backlash to state financial offices

Link: https://rollcall.com/2022/11/17/republicans-ride-esg-backlash-to-state-financial-offices/

Excerpt:

Republicans picked up state financial officer positions during the midterm elections amid a campaign against environmental, social and governance investing.

Five positions — in Kansas, Iowa, Missouri, Nevada and Wisconsin — flipped from Democratic to Republican in races for state auditor, controller or treasurer. Of the 50 directly elected positions, Republicans won 29 and Democrats won 19, according to an analysis from Ballotpedia. Two races remain uncalled.

A handful of Republicans’ campaigns for state financial officers focused on ESG, echoing sentiments from GOP officials at statehouses across the country and in Congress who say ESG investing is harming capital markets and domestic energy production and reject the case made by Democrats, major investors and other proponents.

At stake is a suite of legislation and rules that would curb ESG as a material consideration, along with other financial factors, for investors. The proposals include policies for states’ pension funds to divest hundreds of millions of dollars from financial institutions that incorporate ESG — and especially climate — in their investment decisions.

Author(s): Ellen Meyers

Publication Date: 17 Nov 2022

Publication Site: Roll Call

Citations for Driving 100 Mph-Plus Climbing in Nevada

Link:https://www.insurancejournal.com/news/west/2022/02/07/652352.htm

Excerpt:

The number of drivers ticketed in Nevada for putting the pedal to the metal in violation of speed limits continues to climb.

Nevada Office of Traffic Safety data indicates over 5,100 citations were issued in 2021 to drivers going over 100 mph, up from over 3,500 in 2019 and over 4,400 in 2020, local news outlets reported.

“I would say there are definitely hundreds, if not thousands, of more citations of this type (that) would be given out if we are fully staffed,” said trooper Matthew Kaplan, president of the Nevada Police Union. “The ability to be out there enforcing is severely handicapped right now.”

Author(s): Associated Press

Publication Date: 7 Feb 2022

Publication Site: Insurance Journal