Maine Introduces Bill that would Prohibit ESG
LD 1562 would outlaw ESG factors in the investment of Maine Public Employees Retirement System funds.
On April 11, Maine State Representative Chad Perkins (R-Dover-Foxcroft) introduced LD 1562, an Act to Protect the Retirement of State Employees and Teachers by Establishing Standards for Fiduciary Responsibility.
Essentially, LD 1562 would prohibit consideration of nonpecuniary factors such as Environmenta…
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