Energy & Environment — Senate votes to block Labor green investment rule

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View Online Energy & Environment Energy & Environment  The Big Story  Anti-ESG resolution clears Senate with Dem defections The Senate on Wednesday passed a Republican resolution to block a Labor Department green-investing rule under the Congressional Review Act. © AP The resolution, which passed the House on Tuesday, cleared the Senate despite the Democratic majority — due to absences, as well as Sens. Joe Manchin (D-W.Va.) and Jon Tester (D-Mt.) voting with Republicans.   Both senators face daunting reelection battles next year in deep red states with the presidential election at the top of the ticket.   The White House has said President Biden will veto the resolution if it reaches his desk.   The Labor Department rule would allow, but not compel, consideration of environmental, social and governance (ESG) factors in investment of certain retirement funds.   Republicans have increasingly taken aim at the practice, accusing practitioners of factoring political agendas into financial operations.   Read more about the vote and Tester's decision at TheHill.com. Welcome to The Hill's Energy & Environment newsletter, we're Rachel Frazin and Zack Budryk — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. Did someone forward you this newsletter? Subscribe here. Essential Reads  How policy will affect the energy and environment sectors now and in the future: Senate sends bill nullifying Biden's ESG investing rule to president's desk The Senate approved a resolution on Wednesday that aims to reverse a Biden administration rule on environmental, social and governance (ESG) investing, setting up what could be the first veto of Biden's presidency.   Full Story EPA proposal expected to expand sales of high-ethanol gasoline in Midwest states The Environmental Protection Agency is proposing action that's expected to expand the sale of gasoline made with higher concentrations of ethanol in eight states near the Midwest.  Full Story DC's cherry blossoms set for another early peak bloom: Park Service The National Park Service predicted on Wednesday that D.C.’s peak cherry blossom season will be from March 22 to 25, marking another early peak bloom for the capital.  Full Story In Other News  Branch out with a different read from The Hill: Dem reps seek to cap attorney fees in Camp Lejeune contamination cases Two Democratic lawmakers introduced a bill on Tuesday that would cap attorney fees for claims made by victims of water contamination at a North Carolina military base in an attempt to weed out "bad actors." Full Story What We're Reading  News we've flagged from other outlets touching on energy issues, the environment and other topics: Greta Thunberg has joined a protest against wind farms. Here's why. (CNN)   Fossil fuel companies donated $700m to US universities over 10 years  (The Guardian) How Trump allies and wealthy donors helped to fuel the GOP fight against ESG investing platforms (CNBC) Chevron CEO does not rule out consolidation among oil majors (Reuters) Officials offer climate activists possible deal on Alaska oil project (The Washington Post) What Others are Reading  Two key stories on The Hill right now: Trump 'successfully chilled' FBI from being willing to investigate anything related to him: Peter Strzok FBI agent Peter Strzok on Wednesday said former President Trump and others "successfully chilled the FBI's willingness to investigate anything" Trump-related, complicating later inquiries into the former president's handling of classified document.  Read more McCarthy, GOP pump brakes on release of Jan. 6 footage to Tucker Carlson House Republicans are pumping the brakes on the release of Jan. 6 surveillance footage they've offered to Fox News host Tucker Carlson and going on offense against Democrats who have spent the past week slamming the move. Read more Opinions in The Hill  Op-eds related to energy & environment submitted to The Hill: Environmental justice investors: It's the demand-side, stupid!   You're all caught up. See you tomorrow!  Check out The Hill's Energy & Environment page for the latest coverage. Like this newsletter? Take a moment to view our other topical products here 📩 Privacy Policy  |  Manage Subscriptions  |  Unsubscribe  1625 K Street NW, 9th Floor, Washington, DC 20006 Copyright © 1998 - 2023 Nexstar Media Inc. | All Rights Reserved.

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