During the Trump administration, a new term came into vogue among the woke crowd. It involved a way of evaluating institutions based on how they approached matters of environmental, social and governance issues, or ESG. Trump had the Department of Labor ban pension funds from taking ESG scores into consideration if it resulted in a lower return on investment for the retirees who pay into the fund. But now, under Joe Biden, the Department of Labor has reversed that rule. Managers of pension funds will now be allowed to consider ESG scores as part of their criteria for investing pension funds. (American Wire News)Read More
Biden reverses Trump-era rule regarding ESG in pension funds
