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  • Writer's pictureGustavo Bernal Torres

Legislation to Boycott ESG May Cost State Taxpayers up to $700 Million in Excess Payments

Conservatives pushing anti-sustainable legislation and directives in six states could result in taxpayers wasting hundreds of millions in higher municipal bond interest payments.

  • The higher interest rates are the result of less competition between finance firms for municipal bonds, as a result of the anti-sustainable investing legislation that forces state treasurers to boycott major banks and asset managers that historically have bid on the muni bond issuances.

  • The analysis found the aggregate increase in interest costs for the bonds issued in the analyzed states in the last 12 months.



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