ESG 2023

The 2025 state budget would provided $2.4 billion to New York City to pay for the costs of caring for a rising influx of migrants, which includes taking $500 million from reserves.

Proceeds from the PMT green bond sale will be used to finance transit and commuter projects that have been approved in the N.Y. MTA's capital programs.

"Preserving a livable planet and a thriving economy will require a collective global commitment both to the phase-out of fossil fuels and to massive new investments," said New York Comptroller Brad Lander.

"Disney has abandoned its fiduciary responsibilities to its investors and customers by joining far-left activists in boycotting legal, taxpaying, employment-creating corporations to further Disney's political agenda," state Treasurer Curtis Loftis said.

"Wokeism" in public finance is an increasingly popular talking point among conservatives.

"Under my rule, pension-fund and asset managers are still able to offer ESG products in Missouri," said Missouri Secretary of State John Ashcroft.

A Senate bill holds drinking and wastewater infrastructure funding level to 2023, but advocates the SRFs could see cuts when the two chambers hammer out final appropriations.

"The lack of standardization is a very real problem that impacts all facets," said Ted Chapman, managing director and investment banker at Hilltop Securities.

When set against high-profile public finance projects like American Dream and Legacy Cares, Florida's Brightline marks a rare success for investors.

The application criteria for the grant programs handcuffs $5.5 billion in transportation spending to progressive priorities," said Texas GOP Sen. Ted Cruz.

The event heavily focused on the kind of and how much disclosure issuers need to offer in order to attract investor interest.

Public finance and public trust must go hand-in-hand and that is where ESG and impact investing can play a role moving forward — it's the data, not the label.

"Last year's successful social bond issuance has proven that there is growing investor demand for socially conscious investments and I am thrilled that we are able to offer this opportunity again," said City Comptroller Lander said.

Loop Capital Markets CEO Jim Reynolds, Jr. said he would gladly pay a bit more for a muni bond that tackled gang violence in Chicago during a debate on ESG factors among market veterans at The Bond Buyer's infrastructure conference this week.

Breckinridge's Ruth Ducret discusses how her firm takes ESG factors into consideration into their credit and investment strategies, the market's vulnerabilities in the face of climate change and how transition risk is a real threat. Lynne Funk hosts. (33 minutes)

Florida's Division of Bond Finance clarifies the new statewide ban on ESG bonds.

Officials are assessing the damage wrought by the worst floods to hit the state since Hurricane Irene. Since then, the state has spent millions to climate-proof infrastructure.

"With this year's budget, we're creating a more future-ready Miami-Dade, building for today and investing in tomorrow," Mayor Daniella Levine Cava said.

Treasurer Dale Folwell said the law protects retirees' money from being used for what he called Wall Street's "wacktivist" agenda.

Walt Disney Co., embroiled in a high-profile fight with Florida Governor Ron DeSantis, is closing a luxury hotel at Walt Disney World and dropping plans to relocate 2,000 California employees to a new corporate campus it was building in the state.