The U.S. Department of Labor Applies Biden Climate Concerns to Retirement and Labor
The U.S. Department of Labor (DOL) issued a call for public comment on how to “protect workers’ life savings and pensions” from supposed climate-related financial risks with an eye towards imposing with new regulations on businesses and investors to align with Biden administration climate priorities.
To comply with President Joe Biden’s Executive Order on Climate-Related Financial Risk, the DOL published an official Request for Information, calling for public comments on how to identify climate related risks to labor and investments, and what rules the federal government should impose to ensure such risks are taken into account by employers and investment or pension managers.
