Biden vetoes bill to overturn DOL ESG rule
March 23, 2023
US President Joe Biden has vetoed a bill that would prevent pension fund managers from considering climate change and ESG factors in their investment decisions.
On March 20, Biden …
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Kansas anti-ESG bill could reduce pension returns by $3.6bn
March 15, 2023
Kansas’ proposed legislation to prevent ESG considerations by public contractors could lower state pension system returns by $3.6bn over the next decade.
The Protection of Pensions and Businesses …
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House passes resolution to repeal DOL ESG rule
March 2, 2023
House lawmakers have approved a resolution to overturn the Department of Labor’s (DOL’s) new ESG rule for retirement plans, after 25 Republican states filed a suit to invalidate the …
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Republicans challenge DOL’s ESG rule
February 8, 2023
In the latest anti-ESG action taken in the US, Republicans in the Senate and House have filed joint bills to nullify the Department of Labor’s (DOL’s) new ESG rule for retirement plans. …
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Texas, Florida blacklist ESG investing
September 2, 2022
States reliant on fossil fuels have labelled ESG as ‘too political’
ESG investing has been met with hostility in the state of Texas. As the largest producer of the US’s fossil fuels, …
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DOL drops Trump ESG plans for new rulings
7 May, 2021
The US Department of Labor is set to formally abandon Trump-era plans to introduce anti-ESG legislation, and will engage with stakeholders to introduce new rules.
Ali Khawar, acting assistant secretary for the Employee Benefits Security …
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