ESG bill could cost state pension system $3.6 billion; Proposal offered to fill gap


A proposal intended to keep environmental, social and corporate governance guidelines out of government investing and contracting decisions could cost the state's pension system $3.6 billion in returns over a decade.

That was the testimony offered Wednesday by the top administrator for the state's pension fund who took the rare step of testifying against a bill intended to ensure that business and investment decisions are based solely on financial interests.

The hit on the pension system potentially stands as an obstacle to whether the . . .


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