Law360 (January 15, 2021, 3:48 PM EST) — As the Biden administration prepares to get place of work, money regulators have a renewed option to perform with just about every other and the market to manage the economical risks from local climate alter after many years of obstruction by the Trump administration.
As has been very well-documented, the Trump administration has actively undermined progress on climate adjust for the past four several years. A single of the most current blows arrived from the U.S. Department of Labor, which issued a closing rule on Nov. 13, 2020, discouraging environmental, social and governance investing by non-public pension ideas — which my company, the New York Section of Economic Companies, opposed.
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