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House votes to kill Biden’s ‘woke’
ESG investment rule that props up ‘phony
climate movement’

Original Article

Posted By: Imright, 2/28/2023 10:32:38 PM

The House voted Tuesday to kill the Biden administration’s controversial rule that encourages private retirement plan fiduciaries to consider environment, social and governance (ESG) factors when making investment decisions for tens of millions of Americans. The Department of Labor rule is widely seen by Republicans as part of the Biden administration’s push to inject "woke" ideology into all aspects of government. Under the rule, fiduciaries who make investment decisions for the retirement plans of more than 150 million people would be explicitly permitted under federal guidelines to consider companies’ approach to climate change and other social issues, instead of focusing on only profitability and return on investment for retirees.

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Reply 1 - Posted by: ronniethek 3/1/2023 1:41:09 AM (No. 1414347)
This ESG BS could be short circuited easily at the administrative be level through the SEC. BUT that would require some guts to do.
4 people like this.

Reply 2 - Posted by: Strike3 3/1/2023 9:56:53 AM (No. 1414602)
The bill would not "encourage" or "advise" companies to "consider" anything, it was going to be mandatory "investment" in a proposition that will be a sure loser when the climate nonsense crashed. Joe Biden may not need to make smart investments for his retirement given the billions he has stolen and stashed in foreign banks but the average retiree needs to see a little profit. FJB and his green billionaire friends.
3 people like this.

Reply 3 - Posted by: mseegal 3/1/2023 9:58:24 AM (No. 1414605)
It was painful, taxwise, l to pull all money out of Vanguard after 40 years, but I had to do the right thing.
2 people like this.

Reply 4 - Posted by: Lawsy0 3/1/2023 10:22:18 AM (No. 1414648)
It is rightly called the Religion of Climate. They've got more false gods than any other group of worshippers on earth.
3 people like this.

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