Senate Votes 50-46 to Reverse ESG Rule for Retirement Funds - WSJ

Advocates say that addressing climate change, improving corporate governance and encouraging diversity can boost profits.

The data says ESG is another way for Wall Street to fleece the retail investor. ESG funds are proven to be more expensive and deliver lower returns than their peers. Also, no one agrees on was ESG is.

ESG is a marketing play by a desperate industry that got run over by ultra-low cost index funds that deliver market returns. Allowing them into 401k plans will leave American workers with less money in retirement.