Posted 9/22/2023, 3:12:00 PM
Judge Upholds Biden Administration Rule on ESG Investing, Dismissing GOP Lawsuit
- Judge sides with Biden administration on ESG investing rule, dismissing lawsuit by 25 GOP states
- States argued rule violates laws by prioritizing environmental factors over financial ones
- Judge said rule still complies with laws since it prioritizes finances over environment
- ESG investing has become major target for Republicans recently
- Earlier Biden ESG rule overturned by Congress; Biden vetoed resolution