Biden OKs Retirement Funds Pushing Into ESG, Could Doom Your Plans

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At a glance

  • The Department of Labor quietly announced a “final rule” just before the holidays that “allows plan fiduciaries to consider climate change and other environmental, social and governance factors when they select retirement investments and exercise shareholder rights, such as proxy voting.”
  • In effect, this gives a green light to environmental, social, and governance (ESG) investing, codifying the left’s pursuits of climate and social justice at the expense of Americans’ retirement plans, undoing added protections put in place by the Trump administration in the process.

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