Groups Clash Over DOL Proposal To Scrap Bar On ESG-Focused Pensions

Investment fund managers are supporting a Department of Labor (DOL) proposal that would allow them to consider climate-related risks when managing retirement and other funds, though they are pressing officials to underscore that they are not required to consider or prioritize such risks. Further, Republican state officials and lawmakers are blasting the plan for injecting politics into investment decisions, even though Democratic state officials and environmentalists are praising the measure. At issue is an October proposed rule that would amend...