The U.S. Senate on Wednesday passed a measure to block retirement account managers from considering environmental, social, and corporate governance principles (ESG) when evaluating investments in retirement plans.
The joint resolution measure, approved in a 50-46 vote, aims to overturn a Labor Department rule that currently allows fiduciaries to consider those factors. But it's set to be blocked when it arrives at the White House in what would be President Biden’s first veto since taking office.
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I mean whatever tbh, most ESG investments is just typical greenwashed neoliberal corporations with a lib friendly facade like electric cars that run off of electricity produced by burning fossil fuels and are manufactured with more carbon emissions than ICE cars