top of page
  • Gustavo 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.


Source: https://ceres.org/news-center/press-releases/new-research-shows-legislation-boycott-esg-may-cost-state-taxpayers-700

0 comments

Recent Posts

See All
bottom of page