State Officials Clash Over Climate Risk In Pension Plans As Courts Weigh In

Republican and Democratic state officials are clashing over whether pension fund managers may weigh climate-related risks in their investment decisions and whether federal agencies should bar such practices, continuing a legal debate over the topic that could play out in further litigation over any federal action. In a Jan. 28 letter , Republican financial officers urged the Securities and Exchange Commission (SEC) and Labor Department (DOL) to issue guidance and regulation to govern fiduciaries’ consideration of climate and other ESG...