Manchin blasts Biden over ESG veto

Manchin said Biden’s ESG policy “prioritizes politics over getting the best financial returns for millions of Americans’ retirement investments.”

“Despite a clear and bipartisan rejection of the rule from Congress, President Biden is choosing to put his Administration’s progressive agenda above the well-being of the American people,” Manchin said in a statement.

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“This ESG rule will weaken our energy, national and economic security while jeopardizing the hard-earned retirement savings of 150 million West Virginians and Americans,” he said.

[Don’t expect a veto override. There isn’t nearly enough support for this bill to get the requisite two-thirds majority in either chamber, let alone both of them. It still makes for a good issue on which to hammer Biden for his pandering to woke progressives at the expense of small investors. — Ed]

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