Virginia
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.
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.
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.
The holiday travel season is nearly upon us and Virginia State Police is asking everyone to buckle up every time you enter a vehicle. During the last two Thanksgiving holidays, more than half of the fatal crashes involved someone not wearing a seatbelt, or seatbelt use could not be determined. Last year, there were eight fatalities, and in only two crashes could it be determined that the crash victim was wearing a seatbelt (there was one fatal crash on a motorcycle in 2024).*
Virginia law changed this year to require everyone in a vehicle, no matter where they are seated, to be appropriately restrained. Previously, only those under the age of 18, and those in the front seat, had to wear a seatbelt or be in an age-appropriate restraint.
“As we gather with loved ones this Thanksgiving, I’m reminded of how quickly a family can be changed forever. My son Christopher was just 18 when he was killed in a crash where a seat belt could have saved his life. That loss is why we advocated the new Christopher King Seat Belt Law — to honor him by protecting others,” said Christy King, founder of the Christopher King Foundation, and one of the proponents of the new seatbelt law. “We urge every Virginian to please buckle up, every trip, every time. It’s the simplest act of love you can give your family this holiday season.”
“We want Virginians to spend time with their families this Thanksgiving,” said Colonel Matthew D. Hanley, Superintendent of Virginia State Police. “We also want them to get to their destination and back home safely. We are asking everyone to please buckle up, as well as driver sober, distraction-free, and under the speed limit this holiday.”
Virginia State Police’s Thanksgiving efforts coincide with the annual “Click It or Ticket” campaign and Mothers Against Drunk Driving (MADD) winter holidays DUI-prevention campaign. Both are educational and enforcement-oriented traffic safety initiatives aimed at saving lives on Virginia’s highways through increased usage of seat belts and the deterrence of driving under the influence of alcohol and/or drugs.
Virginia State Police will be, once again, participating in Operation C.A.R.E. – Crash Awareness and Reduction Effort. State troopers will be increasing their presence on Virginia’s roads during the five-day holiday statistical counting period. The period starts at 12:01 a.m. Wednesday, Nov. 26, and runs through 11:59 p.m., Sunday, Nov. 30, 2025.
The 2024 Thanksgiving Holiday CARE initiative led to troopers citing 404 people for not wearing a seatbelt and writing 116 citations for child restraint violations. Seventy-seven people were arrested for
Driving Under the Influence. Three-thousand-six-hundred-thirty-eight (3,638) drivers were cited for speeding, and over 1,700 drivers were cited for reckless driving.
Overall, state troopers responded to 1,182 crashes, 129 of which resulted in injuries.
Funds generated from summonses issued by Virginia State Police go directly to court fees and the state’s Literary Fund, which benefits public school construction, technology funding and teacher retirement.
After an impressive inaugural season, The Saint James Performance Academy has a spot in the latest High School on SI Virginia Top 25 poll.
St James, which debuts at No. 9, posted an 8-1 mark, only losing to national No. 1 Saint Frances Academy (Md.) in its season finale. St. James posted a win over perennial Maryland powerhouse Our Lady of Good Counsel.
Thomas Dale also joins the Top 25 at No. 22 after eliminating then-No. 14 Manchester in the Virginia Class 6 Region A playoffs. Thomas Dale (10-1) next plays at No. 1 Oscar Smith in the region final Friday.
Oscar Smith, in pursuit of a second straight Virginia Class 6 state title, is followed by Maury, Varina, Green Run and King’s Fork. Huguenot, Benedictine College Prep, Saint James and Louisa County make up the rest of the Top 10.
Here’s this week’s High School on SI Virginia football Top 25:
Previous rank: No. 1
Record: 10-1
Last week: Defeated Lloyd C. Bird, 50-0, Virginia Class 6 Region A semifinal
This week: vs. No. 22 Thomas Dale, Virginia Class 6 Region A final, Nov. 28
Previous rank: No. 2
Record: 11-1
Last week: Defeated Warwick, 42-10, Virginia Class 5 Region B semifinal
This week: at No. 5 King’s Fork, Virginia Class 5 Region B final, Nov. 28
Previous rank: No. 3
Record: 10-2
Last week: Defeated then-No. 13 Dinwiddie, 14-0, Virginia Class 4 Region B semifinal
This week: vs. No. 7 Huguenot, Virginia Class 4 Region B final, Nov. 29
Previous rank: No. 4
Record: 11-0
Last week: Defeated Salem-Virginia Beach, 28-3, Virginia Class 5 Region A semifinal
This week: vs. No. 13 Indian River, Virginia Class 5 Region A final, Nov. 28
Previous rank: No. 5
Record: 11-1
Last week: Defeated Bethel, 45-28, Virginia Class 5 Region B semifinal
This week: vs. No. 2 Maury, Virginia Class 5 Region B final, Nov. 28
Previous rank: No. 6
Record: 10-1
Last week: Defeated John Champe, 41-0, Virginia Class 5 Region D semifinal
This week: vs. No. 14 RIverbend, Virginia Class 5 Region D final, Nov. 28
Previous rank: No. 8
Record: 11-1
Last week: Defeated then-No. 7 Louisa County, 34-11, Virginia Class 4 Region B semifinal
This week: vs. No. 3 Varina, Virginia Class 4 Region B final, Nov. 29
Previous rank: No. 10
Record: 11-1
SEASON COMPLETE – VISAA DIVISION I CHAMPION
Previous rank: Not ranked
Record: 8-1
SEASON COMPLETE
Previous rank: No. 7
Record: 11-1
Last week: Lost to then-No. 8 Huguenot, 34-11, Virginia Class 4 Region B semifinal
SEASON COMPLETE – VIRGINIA CLASS 4 REGION B SEMIFINALIST
Previous rank: No. 11
Record: 9-2
SEASON COMPLETE – VISAA DIVISION I FINALIST
Previous rank: No. 12
Record: 12-0
Last week: Defeated Thomas Jefferson-Richmond, 20-13, Virginia Class 2 Region A semifinal
This week: vs. Poquoson, Virginia Class 2 Region A final, Nov. 28
Previous rank: No. 15
Record: 10-2
Last week: Defeated Cox, 42-3, Virginia Class 5 Region A semifinal
This week: at No. 4 Green Run, Virginia Class 5 Region A final, Nov. 28
Previous rank: No. 17
Record: 11-0
Last week: Defeated Potomac Falls, 56-6, Virginia Class 5 Region D semifinal
This week: at No. 6 Stone Bridge, Virginia Class 5 Region D final, Nov. 28
Previous rank: No. 13
Record: 11-1
Last week: Lost to No. 3 Varina, 14-0, Virginia Class 4 Region B semifinal
SEASON COMPLETE – VIRGINIA CLASS 4 REGION B SEMIFINALIST
Previous rank: No. 16
Record: 9-3
Last week: Defeated William Fleming, 37-7, Virginia Class 5 Region C semifinal
This week: vs. Hermitage, Virginia Class 5 Region C final, Nov. 28
Previous rank: No. 18
Record: 11-1
Last week: Defeated Smithfield, 35-6, Virginia Class 4 Region A semifinal
This week: vs. Phoebus, Virginia Class 4 Region A final, Nov. 28
Previous rank: No. 19
Record: 7-2
SEASON COMPLETE
Previous rank: No. 21
Record: 9-2
SEASON COMPLETE – VISAA DIVISION II CHAMPION
Previous rank: No. 23
Record: 9-2
Last week: Defeated Fairfax, 28-7, Virginia Class 6 Region C semifinal
This week: vs. Lake Braddock, Virginia Class 6 Region C final, Nov. 29
Previous rank: No. 24
Record: 10-2
Last week: Defeated then-No. 9 Battlefield, 21-6, Virginia Class 6 Region B semifinal
This week: vs. No. 23 Woodbridge, Virginia Class 6 Region B final, Nov. 28
Previous rank: Not ranked
Record: 10-1
Last week: Defeated then-No. 14 Manchester, 27-21, Virginia Class 6 Region A semifinal
This week: at No. 1 Oscar Smith, Virginia Class 6 Region A final, Nov. 28
Previous rank: No. 25
Record: 11-1
Last week: Defeated Colonial Forge, 35-34, Virginia Class 6 Region B semifinal
This week: at No. 21 North Stafford, Virginia Class 6 Region B final, Nov. 28
Previous rank: No. 9
Record: 10-2
Last week: Lost to then-No. 24 North Stafford, 21-6, Virginia Class 6 Region B semifinal
SEASON COMPLETE – VIRGINIA CLASS 6 REGION B SEMIFINALIST
Previous rank: No. 14
Record: 10-2
Last week: Lost to Thomas Dale, 27-21, Virginia Class 6 Region A semifinal
SEASON COMPLETE – VIRGINIA CLASS 6 REGION A SEMIFINALIST
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