Vivek Ramaswamy

@VivekGRamaswamy ↗

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Last Checked Dec. 22, 2022

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Wed Nov 30 20:24:54 +0000 2022

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Vivek Ramaswamy @VivekGRamaswamy

The ESG jig is up. They tried to say that it wasn’t about politics but just about “long-run” performance…but that’d make the new Biden rule is superfluous, since it *explicitly* permits retirement funds to consider “collateral benefits other than investment return.” What a lie. — PolitiTweet.org

Posted Nov. 30, 2022

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Vivek Ramaswamy @VivekGRamaswamy

The Biden Administration says it cares about “workers” yet just rammed through a toxic Dept of Labor rule that would expressly allow retirement fund managers to invest based on ESG over financial factors (“collateral benefits other than investment return”) https://t.co/ursbdmmeGq — PolitiTweet.org

Posted Nov. 30, 2022

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Vivek Ramaswamy @VivekGRamaswamy

I warned about the draft rule in WSJ in July, but the final rule is even worse. The draft rule required *disclosure* of the use of ESG to investors, but the final version eliminates the disclosure requirement because it would have a “chilling effect” on the use of ESG. Disgusting — PolitiTweet.org

Posted Nov. 30, 2022