Biden's ESG Investment Rules Threaten Your Retirement Savings

Stephen Moore, CNS News

What is insidious about the new Biden administration ESG rules is they permit and even

tacitly encourage portfolio managers at firms such as BlackRock to violate their fiduciary duty to clients by allowing ESG factors to trump sound investment decisions. Federal regulators are supposed to be ensuring the soundness of retirement funds, not shrinking them. ESG companies were often worse when it came to labor and environmental law compliance.

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Biden's ESG Investment Rules Threaten Your Retirement Savings

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