The U.S. Department of Labor, in June, proposed changes to the Employee Retirement Income Security Act that would make it hard for pension funds to steer money toward so-called E.S.G. funds—those that put a priority on environmental, social, and governance factors. E.S.G. funds saw record growth in 2019, and that rise steepened as the pandemic hit.
By Bill McKibben, New Yorker. August 5, 2020.
