Biden to Allow Employers to Invest Pensions in “Green Funds” That Consistency Lose Money

On Tuesday, the US Department of Labor under President Joe Biden announced that companies handling their employees’ 401(k) investments can focus ESG investing, or investments related to environmental or social impacts, the Daily Mail reports. 

Under the new rules, corporations must still fulfill their duties of putting employees’ financial interests first, however they will be allowed to consider factors aside from whether their investments will generate returns. 

According to the DOL, the rule takes effect in sixty days, and will “empower plan fiduciaries to safeguard th …

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