The Retirement Fund Rule on ESG That Trump Blocked and Biden Wants to Save

Under President Joe Biden, the US Department of Labor put in place a rule that would allow managers of retirement plans to weigh climate change and other environmental, social and governance (ESG) issues in their investment decisions. The move undid an effort under then-President Donald Trump to block such investments. The rule has become a focus in a fight over what proponents call sustainable investing and opponents call “woke capitalism.” With the help of conservative Democratic senators, Rep

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