Finance

Biden May Have to Move Quickly to Reverse Anti-ESG Rule

Wall Street is bending to the will of Trump’s last minute restriction on green investing.

U.S. President Joe Biden 

Photographer: Doug Mills/The New York Times
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The clock is ticking for the Biden administration to nullify Donald Trump’s restrictions on retirement plan fiduciaries, rules by which the Republican sought to limit their ability to direct money into environmental, social and governance funds.