Biden's radical ESG agenda

 Fox Business:

Senator Joe Manchin, D-W.Va., put the Biden administration on blast Monday after President Biden carried through with his promise to veto bipartisan legislation that would have killed a regulation that encourages private retirement plan fiduciaries to consider environment, social and governance (ESG) factors when making investment decisions for over 150 million Americans.

Manchin, who was one of two Senate Democrats to vote with Republicans to nullify the proposed Department of Labor (DOL) rule, issued a heated statement Monday condemning the Biden administration for, in his view, prioritizing politics over securing the best financial returns for Americans. The other was Sen. Jon Tester, D-Mont.

"This Administration continues to prioritize their radical policy agenda over the economic, energy and national security needs of our country, and it is absolutely infuriating," Manchin said.

"West Virginians are under increasing stress as we continue to recover from a once in a generation pandemic, pay the bills amid record inflation, and face the largest land war in Europe since World War II," his statement continued. "The Administration’s unrelenting campaign to advance a radical social and environmental agenda is only exacerbating these challenges."

"This ESG rule will weaken our energy, national and economic security while jeopardizing the hard-earned retirement savings of 150 million West Virginians and Americans," Manchin said. "Despite a clear and bipartisan rejection of the rule from Congress, President Biden is choosing to put his Administration’s progressive agenda above the well-being of the American people."
...

ESG is a pander to the anti-energy left that wants to push investments into Big Green rather than into more dependable fossil fuels. 

See, also:

BREAKING: Biden vetoes bill banning woke funds for Americans' retirement accounts

...

 Critics of environmental, social and governance (ESG) investments believe that money is allocated based on leftist causes rather than returns for retirees. Author James Lindsay, a vocal critic of ESG, told The Post Millennial, "ESG is a scam against America and a first-rate national security threat, and Biden is in on it. ESG uses your retirement money to do Woke and Sustainability activism that hurts America and everyday Americans."

...

And:

 McCarthy Torches Biden’s Veto of Bipartisan Bill Opposing ‘ESG’ Investments

...

 “It is clear that President Biden wants Wall Street to use your hard-earned money not to grow your savings, but to fund a far-left political agenda. That will hurt seniors and workers, especially after President Biden’s reckless spending caused record inflation and rapid interest rate hikes,” McCarthy added.

...

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