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U.S. Bill Seeks to Limit ESG Investments in Pension Funds
- U.S. lawmakers target ESG in pensions: A U.S. bill previously rejected by Biden seeks to limit ESG factors in pension investments.
- InnoEnergy accounces €160B clean tech push: With focus on batteries, solar PV, and hydrogen, InnoEnergy mobilizes €160 billion for clean tech.
- Nvidia hit by China’s new energy efficiency rules: China’s stricter energy efficiency rules threaten chip sales.
- New PRI data reveals ESG investing remains strong: Report shows responsible investing is still growing despite political setbacks.
U.S. lawmakers propose bill to curb ESG investing in pensions
U.S. Republican congressman Andy Barr is introducing a bill to limit ESG considerations in pension fund investments, claiming that the focus needs to shift from “woke investing” to maximizing profits. If enacted, the Ensuring Sound Guidance Act would not prohibit ESG investments but would require firms to disclose any differences in fees and returns between ESG-linked funds and traditional rival indexes. The bill aligns with the Trump Administration’s broader efforts to discourage firms from adopting ESG practices. It was blocked by Biden in 2022 but is likely to pass now as the federal government is dominated by conservative leadership. Companies can stay informed on key regulations with ESG solutions.
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