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South Carolina treasurer removes Disney from state investment list

Loftis says he predicts other state treasurers will be following in his footsteps and not investing in Disney.

Published: December 6, 2023 6:10pm

Updated: December 6, 2023 6:26pm

South Carolina state Treasurer Curtis Loftis removed the Walt Disney company from the state's investment portfolios earlier this week. 

According to local media, Loftis made the decision because the company has been becoming more political and more involved in left-leaning activism. 

"We've been following Disney for years," Loftis said on the Wednesday edition of the "Just the News, No Noise" TV show. "It's an iconic brand that we will always love, and then they just turned on us. They've gone hard left-wing."

Disney has gotten backlash from many conservatives, including Florida GOP Gov. Ron DeSantis, after the company snubbed him last year when he signed a law in 2022 that his opponents labeled the "Don't Say Gay Bill."

The bill that was signed into law bans discussion of sexual orientation and gender identity in public school classrooms from grades kindergarten through third. Supporters of HB1557 argue it gives parents more of a say in their child's education.

Loftis says he predicts other state treasurers will be following in his footsteps.

"I've spoken with some of the treasurers in the State Financial Officers Foundation, which is kind of a conservative treasurer and auditors group," he said. "They're on board in a big way, and they're watching to see what happens." 

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