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“Undergirding all of this is making sure that we get the best investment returns for all Indiana pensioners. Ultimately, the law requires that it’s all about the numbers. It’s all about the best returns. The whole purpose of this law …it’s all about the best financial outcome above all else. What we’re saying is, if this is the best we can do then this is the best we can do.”
Putting all those quotes together just underlines how pointless this law was. If a company made ESG investments that hurt their returns, Indiana was going to drop them anyway. And if all the best companies produce the best returns without guns or oil? Indiana is going back down.