A leading opponent of environmental investing is helping lead Kansas' public pension system
Derek Kreifels leads the State Financial Officers Foundation, a national group spearheading anti-ESG efforts.
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Derek Kreifels leads the State Financial Officers Foundation, a national group spearheading anti-ESG efforts.
The Kansas Public Employees Retirement System is set to pay thousands of dollars annually to comply with a new requirement.
Gov. Laura Kelly allowed the bill's enactment without her signature, citing its "potential unforeseen consequences."
Bankers groups and state chambers of commerce condemned the measures as anti-free market.
KPERS could have to divest from firms that practice ESG policies with its work because of a new bill. If done too quickly, it could cost the state billions.