This draconian rule rammed through harms workers with lower returns, and ultimately in making investment decisions that are not in the best interest of shareholders, which effectively is becoming legally allowed by these large woke institutions. Less important, but still noteworthy that states are arguing that the rule harms them through decreased tax revenues from lower returns. Fund managers having access to trillions of dollars to divert away from fossil fuels and into ESG is also a matter of national security. Oil, natural gas and coal are not going away anytime soon, and unless a free source of energy is discovered, solar, wind, or any other pet ESG projects are simply not economically viable in most places, especially when government is running the project, and they are not reliable enough to generate energy when needed most.
This is truly one of the most draconian measures taken to date, and very few are talking about it, let alone even know about it.
You MUST tell other people to avoid ESG at all costs, and you need to tell your State Reps and Senators that We The People WILL BE COMING AFTER THEM if they allow a breach in Fiduciary Duty in allowing these trillions of dollars to be diverted into ESG investments.
Most importantly of all, take control of your financial future. Call your financial institution, your financial advisor, anyone that you can get a hold of, and demand their take on the rule, any press releases and any information that you can gather to see if they will comply or not with this rule. We are literally watching GROUPTHINK form before our very eyes, as the last two paragraphs of the article show (I will post in comments):
https://www.theepochtimes.com/25-states-sue-biden-admin-over-rule-allowing-401k-managers-to-put-savings-into-esg-funds_5014093.html
@familyman20181
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Been watching this for awhile. My husband has a 401k that we can’t do ANYTHING with until he leaves the company or retires. Can’t even borrow against it. So we put it into “safe mode” and stopped adding to it. I also fear for his ESOP. Can’t touch that either. Just saying my prayers about every. My oldest son passed away on Wednesday at the age of 48. He started getting sick after his first jab. It was markedly worse after his first booster. In the end he needed to have 3 valves replaced in his heart from the myocarditis. Y’all RUN DON’T WALK from any needles unless you approve the vial and see them prep it for injection. I have lost total faith in the medical profession.
I pray y’all all have a very blessed weekend.🙏🇺🇸❤️