A Glendale senator saw a proposal vetoed by Gov. Katie Hobbs who rejected his bill to prohibit government agencies from refusing to contract with private firms unless they have or adopt environmental, social or governance standards policies.

“I do not believe that tying the hands of the state’s procurement and investment professionals is in the best interests of the people of Arizona,” Hobbs wrote last week when she vetoed the proposal by Sen. Anthony Kern, R-Glendale.

And she vetoed a similar proposal that would have barred the state treasurer, whose investments include buying corporate stocks, from using the voting right that comes with those shares to support proposals that would advance social, environmental political or other goals.

Nor could the state in any way use its investment funds to boycott any company involved in fossil fuels or nuclear energy.

“Politicizing decisions made by the state’s investment professionals can harm our state’s long-term fiscal health,” Hobbs wrote.