North Carolina
Ban on environmentally conscious investment advances in North Carolina Senate
RALEIGH, N.C. (AP) — North Carolina agencies and state pension plans would be prohibited from using socially and environmentally conscious criteria to make investment decisions or hire employees, under legislation that advanced Wednesday in the state Senate.
The proposal, which passed the GOP-controlled House last month with some bipartisan support, would ban the use of “environmental, social and governance” standards to screen potential investments based on the company’s perceived environmental or social impacts and how its leadership is structured to support those goals.
The bill advanced Wednesday through the Senate Pensions, Retirement and Aging Committee and must clear one more committee hurdle before it receives a floor vote for final approval.
An identical bill passed the Senate along party lines last month before legislative leaders opted to move forward with the House version, signaling legislative approval may be swift.
Sen. Brad Overcash, a Gaston County Republican and one of the bill’s primary sponsors, argued the state cannot afford to allow sustainability and diversity initiatives to interfere with its responsibility to support its residents.
“The fact is, we need to award state contracts, we need to hire, fire and evaluate people and businesses based on merit, based on ability,” Overcash said.
The legislative push in North Carolina comes after President Joe Biden’s administration asked a federal judge on Monday to toss out a lawsuit by GOP-led states over a rule allowing employee retirement plans to make socially conscious investment considerations.
At least two other states — North Dakota and Idaho — have enacted laws banning similar criteria.
North Carolina State Treasurer Dale Folwell, a Republican candidate for governor in 2024, supports the bill, said Sam Watts, a representative from Folwell’s office who oversees the state employee health plan.
The proposal, set to take effect as soon as it becomes law, would require the state treasurer to only consider factors expected to have a material effect on the financial risk or financial return when evaluating an investment.
Watts commended the bill for protecting North Carolinians’ retirement funds by banning the state from basing its partnerships on politics rather than finances.
“Our money in the treasurer’s office is not red or blue — it’s all green,” Watts said. “And we want more of it for retirees and taxpayers and to do things like pay for cost-of-living adjustments.”
Democratic Sen. Jay Chaudhuri of Wake County raised issue with a provision that also prohibits “economically targeted investments,” arguing that it isn’t clearly defined in the bill and seems “misplaced.”
“I am worried that we’re going to prohibit the treasurer’s office from creating these funds that can both have a successful rate of return as well as creating jobs,” Chaudhuri said.
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Hannah Schoenbaum is a corps member for the Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.
North Carolina
Tropical Storm Helene destroyed nearly 1,000 homes in NC, FEMA maps show
McDowell County resident shares his story of loss from Helene floods in western North Carolina
Chris Loftis shares his story of the Tropical Storm Helene floods along Highway 80 in McDowell County.
Tropical Storm Helene destroyed nearly 1,000 homes when it tore through Western North Carolina Sept. 27, maps from the Federal Emergency Management Agency show.
The maps, which show verified damage to homes as of Jan. 7, were presented to the Buncombe County Board of Commissioners at its Jan. 16 budget retreat.
In Buncombe County, Helene destroyed 340 homes, according to the maps. More than 170 were owner-occupied, while the remaining were rental properties.
The maps also show how many homes across the state sustained major damage and how many require repairs so residents can move back in.
According to the maps, 2,360 homes suffered major damage. Nearly one-third were rentals. Additionally, nearly 30,000 homes require habitability repairs, according to the maps. More than 6,000 of those homes were occupied by renters.
The number of damaged homes verified by FEMA is significantly lower than initial estimates from the state. According to a Dec. 13 damage needs assessment compiled by the N.C. Office of State Budget and Management, more than 73,000 homes were projected to be damaged, the majority of which were expected to be single-family and manufactured homes, and duplexes. In total, the state is estimating nearly $13 billion in residential damage alone.
The Citizen Times requested updated damage maps from FEMA on Jan. 17.
How did homes in Buncombe, Henderson, McDowell, Madison and Yancey counties fare?
Destroyed homes:
Buncombe: 340
Henderson: 89
McDowell: 92
Yancey: 100
Madison:11+
Major damage:
Buncombe: 640
Henderson: 354
McDowell: 128
Yancey: 166
Madison: 56
Homes requiring habitability repairs:
Buncombe: 8,920
Henderson: 3,988
McDowell: 1,442
Yancey: 1,767
Madison: 302
Jacob Biba is the county watchdog reporter at the Asheville Citizen Times, part of the USA TODAY Network. Email him at jbiba@citizentimes.com.
North Carolina
Vote: Who Should Be the North Carolina Boys High School Basketball Player of the Week? (1/20/2025)
Who was the North Carolina Boys Basketball Player of the Week last week?
Each week, High School On SI scours the state of North Carolina and compiles the top performances from the previous week.
Congratulations to last week’s winner: Jalin Sutton of Greene Central.
Voting closes at 11:59 p.m. Sunday, Jan. 26. The winner will be announced in the following week’s poll. Here are this week’s nominees:
The 6-foot-5 junior guard scored 26 points on 9-of-13 shooting, grabbed 7 rebounds and blocked 4 shots in the Sabres’ 71-63 win over Myers Park. Houpt also had 15 points in a 65-56 win over White Oak.
Kerr, a top 100 national recruit, scored 24 points as the Cougars toppled nationally ranked and previously undefeated Christ School 73-66. The 6-foot-4 junior guard has 10 college offers.
Charles scored 27 points and got 8 rebounds in a 56-42 win over Southside. The 6-foot-4 senior also had 22 points, 8 rebounds and 4 assists in an 84-38 rout of Pamlico County.
Blow scored 17 points and got 6 rebounds in a 67-59 victory over Ayden-Grifton.
Barron scored 19 points while getting 7 steals and 5 assists in a 77-57 victory over Northwest Halifax.
Edwards posted 27 points, 8 rebounds and 8 assists in an 89-39 romp over Wayne Christian. He also had 17 points in an 84-57 win over First Flight.
Brewer dominated with 34 points, 9 rebounds, 7 assists and 4 steals in a 66-48 win over Pisgah.
Parkins erupted for 39 points, tying a career high, in a 90-66 win over Asheville. The 6-foot-7 senior also had 17 rebounds. He had 27 points and 13 rebounds in an 81-65 win over Erwin.
Brown scored 30 points and had 5 rebounds in an 84-80 overtime win over Tuscola. In addition, he had 21 points in a 59-45 loss to East Henderson.
Fannon scored 31 points, including 9-of-14 from 3-point range, as the Mustangs beat St. Stephens 93-70.
North Carolina
North Carolina Democratic state lawmaker resigns after terminal cancer diagnosis
RALEIGH, N.C. (AP) — A longtime Wake County Democratic state representative announced his resignation from the North Carolina General Assembly on Sunday.
Rep. Joe John, who represented northwestern Wake County, shared news of his resignation in a letter posted to his Facebook page, after he said he received a terminal diagnosis for throat cancer from his doctors. John, 85, first stated publicly that he was diagnosed with throat cancer in early December.
“I hope my legacy will be one of dedication to the common good — working to build bridges, advocate for the voiceless, and fight for justice,” he said.
John was first elected as a state representative in 2016 and served four consecutive terms. His upcoming term would have been his fifth. Before serving in the legislature, John spent a large portion of his life in the judicial field — as a state appeals judge, superior court judge and district judge. He also served as the State of North Carolina Crime Laboratory’s director.
The Wake County Democratic Party will be in charge of choosing someone to fill John’s vacant seat.
John said in his letter that he plans to focus on his health and spend time with his family after resigning.
“If my time in office has made even a small difference in your lives, then I will leave this world knowing I’ve done my part,” John said.
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