Institutional Investor (November 23)
“Plan fiduciaries investing according to environmental, social, and governance principles may be breathing a sigh of relief after the Department of Labor finalized the rule allowing retirement plans to take these factors into consideration.” The new DOL rules “reversed two regulations issued under the Trump administration, which banned plan fiduciaries from investing in ‘non-pecuniary’ instruments.”
Tags: Banned Non-pecuniary, Department of Labor, ESG, Factors, Fiduciaries, Investing, Regulations, Relief, Retirement plans, Reversed, Rule, Trump administration
Car & Driver (November 24)
“General Motors has reversed its decision to back the Trump administration’s fight to force California, along with 12 other states, to comply with the less stringent fuel-efficiency standards Trump’s EPA put into place in 2018 for 2022 to 2025. The move signals that GM expects President-Elect Joe Biden to take a much different stance on emissions regulations…. Ford, GM’s crosstown rival, had backed California from the beginning.”
Tags: Biden, California, Comply, Emissions, EPA, Fight, Ford, Fuel efficiency, Less stringent, Regulations, Reversed, Standards, Trump
