Biden ESG rule survives challenge from 25 red states ...Middle East

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Biden ESG rule survives challenge from 25 red states
A federal judge sided with the Biden administration Thursday on an administration rule that would allow retirement advisers to include climate and environmental factors in their calculations. In the ruling, Judge Matthew Kacsmaryk of the Northern District of Texas, a Trump appointee, granted the administration’s petition to dismiss a lawsuit by 25 Republican state attorneys general, led by Texas's Ken Paxton and Utah's Sean Reyes. Kacsmaryk’s 14-page ruling rejects the red states' argument that the environmental and sustainable governance (ESG) rule violates the Administrative Procedure Act and the Employment Retirement Income Security Act, which regulates retirement plans. He wrote

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