ESG investing
Climate Backlash
Vicious attacks on climate progress are on the rise.
Presumably, no one actually wants rising seas, dangerous heat waves, severe droughts, runaway wildfires, and floods. Nor, I assume, are there many who want those climate disasters for their children and grandchildren. Still, there are all too many politicians and public figures who act as if their goal was to foment climate change. No doubt the …
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CONTINUE READINGWhen Bad Things Happen to Good Regulations
The GOP’s effort cancel a pension reg illustrates the evils of the Congressional Review Act.
In their crusade against “wokeness,” congressional Republicans are taking aim at Labor Department rule about pension plan investments. The rule’s transgression is apparently that it makes easier for pension plans to consider how climate-related risks might affect a company’s bottom line. To avoid being woke, the GOP would apparently prefer pension managers to close their …
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