Heritage take: According to the Labor Department, its rule “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.” The ESG rule, the agency added, “follows Executive Order 14030, which was signed by President Biden on May 20, 2021.” Last month, Rep. Andy Barr, R-Ky., and Sen. Mike Braun, R-Ind., introduced resolutions of disapproval to block the Labor Department rule; those measures succeeded in both the House and the Senate, on Feb.28 and March 1, respectively. Heritage Expert: Samantha Renke
No comments:
Post a Comment