Joe Biden hopes to spur investments into renewable energy by diverting retirement account investments into this sector.
In fact, Biden recently created a rule that would “encourage” private retirement plan fiduciaries to consider environment, social and governance (ESG) factors for retirement investments.
House Republicans have just passed a bill that will strike that law down.
Gamesmanship
This gamesmanship on the part of the GOP to ensure the American people know who is responsible for this.
The bill now moves to the Senate, where there is bipartisan support, so it will pass.
That means it then goes to Joe’s desk, where he will have to veto it if he wants to block the legislation.
This puts him on record as the one responsible for wrecking retirement accounts over the next decade as these renewable energy companies bleed money.
To that point, Rep. Virginia Foxx (R-N.C.) stated, “The left is using ESG investment criteria as a political tool to cudgel companies into accepting leftist policies.
“This is how the left always operates. This is just the first step.
“If we let this continue, the left will use ESG investing to push non-compliant companies out of the marketplace.
“It is unacceptable to encourage fiduciaries to sacrifice the savings of Americans to the orthodoxy of the woke left.”
Source: Fox News
