Biden to allow employers to consider green investments in 401ks | Daily Mail Online

Biden to allow employers to consider green investments in 401ks | Daily Mail Online

"Biden OVERTURNS Trump rule and tells 401k investors to prioritize green investments over profit - despite plans already losing $34,000 on average this year.

Employers will now be able to invest pension money in green industries.

• ESG investing considers the environmental and social impacts of investments
• The change undoes a rule imposed under Trump requiring prioritization of profit
• The new rule, brought about by Biden, will come into effect in 60 days
• The Biden administration will allow employers to invest pension money in green industries that could provide lower returns for Americans.