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Virginia attorney general denounces ESG investments in state retirement fund

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Virginia attorney general denounces ESG investments in state retirement fund


Virginia’s attorney general has advised officials from the state’s retirement system against making investment decisions that prioritize environmental issues, social issues and corporate governance, according to a nonbinding legal analysis released Friday.

Jason Miyares, a Republican who serves as Virginia’s top prosecutor, said in an advisory opinion that the board of trustees for the Virginia Retirement System should instead make investments “based on securing the best financial results for VRS beneficiaries.” The retirement system’s members include state employees, public school teachers and employees of political subdivisions, such as counties, towns and cities.

“Investments must be driven by careful, calculated financial foresight, not clouded by unfounded ESG fads,” Miyares said in a statement. “This Opinion firmly reinforces the Virginia Retirement System’s responsibility and legal obligation to make objective investment decisions free from the sway of social or political agendas. Secure futures require sound economics.”

Miyares’ advisory opinion, written at the request of Republican Del. Nick Freitas, comes after some state pension programs have opted to prioritize environmental, social and corporate governance policies when making investments, also known as ESG investing.

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Virginia Sowers, a retirement system spokesperson, said in an email that the retirement system does not have a policy to prioritize such investments.

“To meet its fiduciary duty, VRS carefully analyzes economic factors and assesses monetary risk to achieve the highest level of return for a given level of risk over the long term,” Sowers said. “This analysis does not include reviewing investments through a ‘social screen,’ nor does VRS deploy dedicated ESG funds in its retirement plans.”

States such as Illinois and Maryland are required to consider sustainability and climate risks in their asset-related decisions. In Maine, the state’s pension fund is required to divest from fossil fuels by 2026, according to a policy passed in 2021.

Other states such as Florida, Indiana and Kansas, among others, created legislation against ESG investing.

In Virginia, legislators considered a 2022 bill requiring the retirement system to divest from fossil fuels, though it did not become law. Another 2023 bill that would restrict investments based on environmental and political factors did not pass.

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Friday’s release was Miyares’ 10th opinion memo in 2024. Opinions by the attorney general give legal advice but are not binding on the courts.

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Olivia Diaz 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.



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TCU vs Virginia prediction, analysis, Sweet 16 expert picks for women’s March Madness

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TCU vs Virginia prediction, analysis, Sweet 16 expert picks for women’s March Madness


The women’s 2026 NCAA Tournament continues with Sweet 16 action Saturday as No. 3 TCU and No. 10 Virginia battle for a spot in the Elite Eight.

USA TODAY Sports’ college basketball experts have analyzed all the angles and determined a path to victory for each side. Here’s everything you need to know — including how to watch, betting odds and analysis — before the Sweet 16 matchup tips off.

Stay up to date with USA TODAY’s team of journalists covering the women’s NCAA Tournament throughout the 68-team dance.

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TCU will win Sweet 16 game vs Virginia if…

  • Mitchel Northam: Olivia Miles does Olivia Miles things and Marta Suarez has a good shooting night.
  • Nancy Armour: Olivia Miles flirts with another triple-double.
  • Meghan Hall: Olivia Miles keeps the ball moving for the Horned Frogs
  • Heather Burns: It rebounds as a team and keeps Virginia from getting second chances.
  • Cydney Henderson: The Horned Frogs can’t afford another slow start. Olivia Miles must get her teammates going early and often to stop a red-hot Virginia team. Taylor Bigby has been hot from the 3-point.

Virginia will win Sweet 16 game vs TCU  if…

  • Mitchel Northam: The Cavaliers have already beaten teams from the Big 12, SEC and Big Ten in the NCAA Tournament. If the Cavaliers continue to play with confidence and a nothing-to-lose mindset, they could be dangerous.
  • Nancy Armour: It keeps playing like it knows it has house money.
  • Meghan Hall: It can limit Olivia Miles and force TCU to beat it with anyone else
  • Heather Burns: it can slow the pace and play within its offense.
  • Cydney Henderson: Virginia’s defense fuels its offense and creating some more possessions will be paramount. Kymora Johnson will lead the way. Fatigue may be a factor as Virginia came through the First Four and played three overtime periods.

TCU vs Virginia: 1 Stat to watch

  • Mitchel Northam: Virginia ranks 11th nationally in rebounding, third in blocked shots and 21st in 2-point defense. TCU will have to beat the Cavaliers from 3-point land.
  • Nancy Armour: TCU has three players who average nine-plus points and 7.2 or more rebounds.
  • Meghan Hall: An Olivia Miles triple-double is always a possibility.
  • Heather Burns: Over/under 70 points: IF the game becomes a high scoring affair, that favors TCU.
  • Cydney Henderson: Turnovers. Whichever team takes better care of the ball could come out victorious.

TCU vs Virginia Sweet 16 prediction

  • Mitchel Northam: Virginia
  • Nancy Armour: Virginia
  • Meghan Hall: TCU
  • Heather Burns: Virginia
  • Cydney Henderson: TCU

3 TCU vs 10 Virginia odds

  • Opening Moneyline: TCU (-500), Virginia (+380)
  • Opening Spread: TCU (-9.5)
  • Opening Total: 130.5

How to Watch TCU vs Virginia in the Sweet 16

No. 3 TCU takes on No. 10 Virginia at Golden 1 Center on March 28 at 7:30 PM The game is airing on ESPN.

Stream March Madness on Fubo

2026 Women’s NCAA Tournament full schedule

  • March 18-19: First Four
  • March 20-21: First Round
  • March 22-23: Second Round
  • March 27-28: Sweet 16
  • March 29-30: Elite 8
  • April 3: Final Four
  • April 5: National Championship



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Virginia bill targets vape shops that sell to underage buyers – WTOP News

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Virginia bill targets vape shops that sell to underage buyers – WTOP News


Vape shops in Virginia that sell tobacco products to underage buyers could soon face real consequences after years in a legal gray area.

March 27, 2026 | Del. Patrick Hope speaks to WTOP’s Nick Ianelli on new legislation that would shut down vape shops that repeatedly sell products to underage buyers.

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Vape shops in Virginia that sell tobacco products to underage buyers could soon face real consequences after years in a legal gray area.

Del. Patrick Hope of Northern Virginia told WTOP he hears from parents often that their children know which vape shops will sell to them — even though the law prohibits the sale of tobacco or vape products to anyone under 21.

“I’ve heard from parents and I know we’ve seen the proliferation of these vape shops. These liquid nicotine products have flooded our markets in recent years and there hasn’t been sufficient oversight or regulatory measures in place. And oftentimes these products are making their way in the hands of underage buyers,” Hope said.

A new bill passed by the General Assembly would set up an enforcement system targeting vape shops that repeatedly sell to people under 21. Hope said that if those shops continue to break the law, the state will shut them down.

Hope said a major problem has been a lack of information. “We just haven’t known who they are. Last year, we passed a law that required these vape shops to register with the Department of Tax, and only 52 actually sent in their registration.”

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“We believe that there are close to 10,000 vape shops in the state and we want to make sure that we pull them under this regulatory scheme,” Hope added.

The bill directs the Virginia Alcoholic Beverage Control Authority, which already enforces alcohol sales laws, to hire inspectors for vape and tobacco shops. Once the bill is signed, Hope said he expects a quick rollout.

“Typically, bills in the General Assembly go into effect July of the year that they’re passed. We’ll have an educational program for a few months, but I would think that we would be operational probably by October. … I think they’ll be doing underage programs probably within the end of this year,” Hope said.

Hope said the legislation earned broad support in the Virginia General Assembly.

The bill now heads to Spanberger for her signature.

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Thursday, Fairfax County police said a major drug investigation targeted multiple vape shops, including a dozen Tobacco King vape shops, that are accused of selling illegal items, ranging from drugs to synthetic urine, and laundering money.

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© 2026 WTOP. All Rights Reserved. This website is not intended for users located within the European Economic Area.



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State of Virginia takes new focus on clean energy

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State of Virginia takes new focus on clean energy


In light of Virginia Gov. Abigail Spanberger’s new cabinet nomination of Chief Energy Officer Josephus Allmond, 7News sits down with Senior Fellow of Thomas Jefferson Institute for Public Policy, Steve Haner, to explain how new energy policies will be impacting Virginians.

Haner spoke on the new direction Spanberger is taking by appointing Allmond and what it will mean for the Virginia Clean Economy Act, signed in 2020. Haner also expounds on how the administration is opposed to the use of natural gas and coal, and will be pushing for more wind and solar energy.



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