GOP States Launch Suit At Rule Allowing Pension Plans To Weigh Climate

February 3, 2023
More than two dozen Republican-led states and various fossil fuel groups are filing suit over the Department of Labor’s (DOL) rule allowing retirement plan managers to consider climate-related risks in investment decisions, charging the rule violates a statutory mandate that fiduciaries make decisions based exclusively on financial factors. “The 2022 Rule undermines key protections for retirement savings of 152 million workers -- approximately two-thirds of the U.S. adult population and totaling $12 trillion in assets -- in the name of...

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