Anti-ESG rules eliminated

The Biden administration on Tuesday said that after consulting extensively with a wide range of stakeholders, it concluded that the 2020 DOL rules “unnecessarily restrained plan fiduciaries’ ability to weigh environmental, social and governance factors when choosing investments, even when those factors would benefit plan participants financially.”

“Today’s rule clarifies that retirement plan fiduciaries can take into account the potential financial benefits of investing in companies committed to positive environmental, social, and governance actions as they help plan participants make the most of their retirement benefits,” said Secretary of Labor Marty Walsh in a statement on Tuesday. “Removing the prior administration’s restrictions on plan fiduciaries will help America’s workers and their families as they save for a secure retirement.”

Jaak

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Separate from the man.

Ignorance is not our government’s job to uphold. We need everyone to get a grip on that reality. We used to have a lot of pride in our education system and science. Now every little idiot takes a shot at it without studying a damned thing for himself. Garbage from the peanut gallery.