When Donald Trump was president, he restricted how pensions could consider climate change and other environmental, social, and governance factors into their investment decisions.
In late 2021, the Department of Labor took a good step in reversing those restrictions, saying they “unnecessarily restrained plan fiduciaries’ ability to weigh environmental, social and governance factors when choosing investments, even when those factors would benefit plan participants financially.”
Now, Republicans in the House and Senate have introduced a measure to, once again, limit how pension managers can protect people’s retirement savings from a wide range of risks, including harms from climate change.
A vote could happen as soon as next week, so emails over the next few days are greatly appreciated!
In solidarity,
– Jackie Fielder, Stop the Money Pipeline
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