Parties Downplay Chevron’s Role In Case Over Pension Plan ESG Rule

Litigants in a case challenging a Labor Department (DOL) rule affirming that money managers may weigh climate-related factors in certain instances are downplaying how the Supreme Court’s decision to scrap Chevron deference should affect the case even though a district court upheld the rule based on that doctrine. In supplemental briefs filed Oct. 16 to the U.S. District Court for the Northern District of Texas, both DOL and GOP-led states and fossil fuel groups challenging the rule broadly say...