Labor Department OKs Investing Pensions In ‘Woke’ ESG-Only Funds

Labor Secretary Marty Walsh said the rule “clarifies that retirement plan fiduciaries can take into account the potential financial benefits of investing in companies committed to positive environmental, social and governance actions as they help plan participants make the most of their retirement benefits.”

ESG, which has been slammed by Rep. Chip Roy (R-Texas) as a “woke scam,” seeks to leverage investments to urge corporations to adopt progressive environmental and social policies.


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