Finance
Trump Administration Moves at ‘Warp Speed’ to Scrap ESG Rule
The White House bid to make green investing more difficult would likely face legal obstacles.
US President Donald Trump
Photographer: Mandel Ngan/AFP
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Despite widespread objections from the money management industry, President Donald Trump, through the U.S. Department of Labor led by Eugene Scalia, is speeding ahead with a proposal to make it more difficult for fiduciaries of retirement plans to direct money to ESG-focused funds.