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OMB Moves DOL ESG Rule, as Backlash Builds
InsuranceNewsNet.com Link to more items from this source
Nov. 28, 2022

"The environmental, social and governance movement's noble intentions are running into stiff resistance with growing backlash while a [DOL] rule moves ahead that would allow limited ESG goals in investing.... The [SEC] missed its October deadline for finalizing [its] rule because it was inundated with comments and had to reopen the comment period because of a system glitch. The SEC is also reviewing the implications of the West Virginia v. Environmental Protection Agency case, which limited the reach of government agencies.... Meanwhile, ... states are getting into the fray by restricting investments of public pensions under their purview."

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