• Privacy Policy
  • About Us
  • Contact Us
No Result
View All Result
  • Travel News
  • Travel Tips
  • Destinations
  • Travel Ideas
  • Entertainment
  • Finance
  • Sports
  • Weather
  • Tickets
  • More
    • Shop
    • Video
    • Food & Drink
    • Style & Culture
    • Cheap Deals
  • Travel News
  • Travel Tips
  • Destinations
  • Travel Ideas
  • Entertainment
  • Finance
  • Sports
  • Weather
  • Tickets
  • More
    • Shop
    • Video
    • Food & Drink
    • Style & Culture
    • Cheap Deals
Wingman Travels
No Result
View All Result
Ticketmaster FR
Home Entertainment

Stops block of ESG retirement climate investment

enpassant by enpassant
March 20, 2023
in Entertainment
0 0
0
Stops block of ESG retirement climate investment
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
Banner 2



WASHINGTON — President Joe Biden issued his first veto Monday after Congress voted to block a Labor Department rule allowing retirement plans to weigh the long-term impacts of social factors and climate change on investments — a move Republicans say is a “woke” policy that hurts retirees’ pockets.

“I just signed this veto because the legislation passed by the Congress would put at risk retirement savings of individuals across the country,” Biden said in a video posted to Twitter. “They couldn’t take into consideration investments that would be impacted by climate impacted by overpaying executives.”

Senate Republicans, along with two Democrats, voted on the measure March 1, needing only a simple majority for it to pass. Sens. Jon Tester, D-Mont., and Joe Manchin, D-W.Va., who are both up for reelection next year in Republican states, voted with Republicans. 

The GOP-controlled House of Representatives voted on the legislation last month. In a message to the House, Biden said “Retirement plan fiduciaries should be able to consider any factor that maximizes financial returns for retirees across the country.

“That is not controversial – that is common sense,” he said.

Ahead of the bill going to his desk, Biden said he would veto it. A two-thirds majority of Congress would be needed to override Biden’s veto. 

President Donald Trump vetoed 10 bills, while President Barack Obama vetoed 12 bills.

What is ESG?

Environmental, social and governance or ESG for short, is an investing strategy that takes into account businesses’ environmental and social risks as part of a wider financial analysis. 

It is popular with major pension funds that invest the retirements of millions of workers as well as retail investors.

Republicans call ESG ‘woke’

Republican lawmakers and conservative advocacy groups have decried the ESG rule.

Florida Gov. Ron DeSantis, who will likely run for the 2024 GOP presidential nomination, has become a leader in the anti-ESG movement.

Many conservative states, such as Florida, Texas and West Virginia have launched investigations because of the rule. 

Conservative advocacy groups backed by right-wing donors have mounted a campaign in statehouses across the country. They say that ESG is just another example of “woke” influence on big business.

Reach Rebecca Morin at Twitter @RebeccaMorin_



Source link

Previous Post

Fight Night  Holm vs Santos Betting Prediction

Next Post

Where Will the Kennedy Expressway Construction Take Place? Here's a Map of Closures – NBC Chicago

Next Post
Where Will the Kennedy Expressway Construction Take Place? Here's a Map of Closures – NBC Chicago

Where Will the Kennedy Expressway Construction Take Place? Here's a Map of Closures - NBC Chicago

  • Trending
  • Comments
  • Latest
19 Travel Prep Tips for a Stress-Free Summer Vacation

19 Travel Prep Tips for a Stress-Free Summer Vacation

July 17, 2022
Delta Airlines adds route to Johannesburg and Cape Town, South Africa: Travel Weekly

Delta Airlines adds route to Johannesburg and Cape Town, South Africa: Travel Weekly

September 25, 2022
From Paphos to Zagreb: Technology is helping visitors see ancient cities through a new lens

From Paphos to Zagreb: Technology is helping visitors see ancient cities through a new lens

November 26, 2022
Win Free Ice Cream Cones Made With DiGiorno Croissant Cones

Win Free Ice Cream Cones Made With DiGiorno Croissant Cones

July 7, 2022
Brisbane’s New Queen’s Wharf Precinct Will Soon Be Home to the City’s First Riverside Bikeway Cafe

Brisbane’s New Queen’s Wharf Precinct Will Soon Be Home to the City’s First Riverside Bikeway Cafe

0
Industry Leaders Visit White House in Push to End Testing Requirement

Industry Leaders Visit White House in Push to End Testing Requirement

0
10 Best SPRING BREAK Travel Destinations | Cheap & Unique

10 Best SPRING BREAK Travel Destinations | Cheap & Unique

0
San Francisco’s SHŌ Group Breaks Ground On Hospitality Centric Global NFT-Based Members Club

San Francisco’s SHŌ Group Breaks Ground On Hospitality Centric Global NFT-Based Members Club

0
10 Best Places to Visit in Virginia – Travel Video

10 Best Places to Visit in Virginia – Travel Video

December 8, 2023
Indians prefer tried-and-tested destinations, reveals report

Indians prefer tried-and-tested destinations, reveals report

December 8, 2023
The FDA must reduce added sweeteners in food and drink

The FDA must reduce added sweeteners in food and drink

December 8, 2023
Jewellery that defines culture in contemporary style

Jewellery that defines culture in contemporary style

December 8, 2023

Links

Wingman Travels
Wingman Travel Agency
Car Rentals
Tours
Virtual Experiences
Tickets

Categories

  • Destinations
  • Entertainment
  • Finance
  • Food & Drink
  • Sports
  • Style & Culture
  • Travel Ideas
  • Travel News
  • Travel Tips
  • Video
  • Weather

Newsletter

To stay on top of the ever-changing world, subscribe now to our newsletters.

Loading

*We hate spam as you do.

 

  • Privacy Policy
  • About Us
  • Contact Us

© 2022 Wingman Travels LLC All Rights Reserved.

No Result
View All Result
  • Travel News
  • Travel Tips
  • Destinations
  • Travel Ideas
  • Entertainment
  • Finance
  • Sports
  • Weather
  • Tickets
  • More
    • Shop
    • Video
    • Food & Drink
    • Style & Culture
    • Cheap Deals

© 2022 Wingman Travels LLC All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In