Who the president is matters to sustainable investing.
One hundred days into Joe Biden’s presidency, his administration’s executive orders and agency actions have reinstated and advanced an environment that empowers sustainable investing. President Biden has also assembled a strong climate-change team and bestowed significant authority on it, including establishing a new White House Office of Domestic Climate Policy, headed by Gina McCarthy, and appointing former Secretary of State John Kerry to the U.S. National Security Council as special presidential envoy for climate.
All of this sets our children and grandchildren and wildlife up for a more secure future but threats to sustainable investing remain.
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Today, the SEC sent a very clear signal about one of its chief enforcement priorities by
announcing the creation of a Climate and ESG Task Force within the Division of Enforcement. ESG stands for Environmental, Social, and Governance.
Since Allison Herren Lee was named the Acting Chair of the SEC on January 21, 2021, the SEC has repeatedly signaled that Climate and ESG issues and disclosures will be an SEC priority. For instance, on February 1, 2021, the SEC
announced that Acting Chair Lee would have, for the first time, a senior policy advisor solely dedicated to these issues. On February 24, 2021, Acting Chair Lee
industry. that was the goal. but it overtook contract law and even how you go about this process in so doing. so, guys like you got burned. right? well, exactly. we had over 20,000 retirees and soon to be retirees who had pension reductions of 30 to 70%. so, yeah, we have been fighting this in a lawsuit now for over three years. and the special investigator general inspector general s report validates everything we have been saying. and actually repudiates everything that the treasury department has put forward over these last three years, including it repudiates testimony before a house committee by former members of the audit task force. so this is a big thing for us, neil. neil: you are alleging there was a cabal type effort to get