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Environmental, Social & Governance (ESG)

ESG Rationale on 401(k) Rule Was Enough, Labor Department Argues

The US Labor Department said it sufficiently explained its decision to undo a pair of Trump-era rules against socially conscious retirement investing, replacing them last year with a regulation that put workplace savers on “equal footing with other market participants.”

Germany Lines Up €50 Billion to Help Heavy Industry Go Green

Germany plans to help energy-intensive manufacturers transition to climate-neutral technologies with roughly €50 billion ($53.4 billion) in subsidies.

Trudeau Bets $9 Billion on Plan to Clean Up World’s Dirtiest Oil

Canada is staking billions of dollars of public money on an oil industry plan to transform one of the world’s dirtiest crudes into one of the cleanest. But it’s relying on a technology with a checkered track record to prolong the life of a business critics say belongs in the history books.

A Major Showdown Is Brewing Over What Counts as a Carbon Credit

A few sentences in a note from an obscure United Nations group has ignited a firestorm in the carbon removal world. At issue is a beguilingly simple question: What counts as a carbon offset?

Alphabet Investors Nix Proposals on Abortion, Targeted Ads

Alphabet Inc. investors on Friday voted against a proposal seeking a report on the privacy risks caused by abortion-related law enforcement requests.

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Keith Pugh
American Public Works Association
Michael Broyde
Emory University School of Law

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ESG Rationale on 401(k) Rule Was Enough, Labor Department Argues

The US Labor Department said it sufficiently explained its decision to undo a pair of Trump-era rules against socially conscious retirement investing, replacing them last year with a regulation that put workplace savers on “equal footing with other market participants.”

Goldman Analyst Warns ESG Bets Threaten Energy Investments

ESG strategies have contributed to a serious decline in energy investments by focusing too much on divestment from fossil fuels and not enough on investment in renewable power sources, according to a senior researcher at Goldman Sachs Group Inc.

Trudeau Bets $9 Billion on Plan to Clean Up World’s Dirtiest Oil

Canada is staking billions of dollars of public money on an oil industry plan to transform one of the world’s dirtiest crudes into one of the cleanest. But it’s relying on a technology with a checkered track record to prolong the life of a business critics say belongs in the history books.

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Trump Lawyers Meet With DOJ Officials in Records Probe (1)

Donald Trump’s legal team met with officials at the US Justice Department to discuss the investigation into classified documents that were found at the former president’s Florida estate, according to a person familiar with the matter.

ESG Explained: Socially Conscious Capitalism and Its Backlash

Republican state leaders have been pulling billions out of pension funds managed by investment firms like Black Rock. Why? Something called ESG. In this video, we explain what ESG is, why it’s become such a hot topic and what regulation — and litigation — we can expect in the near future.