January 11, 2023
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12:05Now PlayingRepublican Representative Virginia Foxx wants to make it easier for retirement funds to favor stocks that harm the planet. Ana Kasparian and Cenk Uygur discuss on The Young Turks. Watch TYT LIVE on weekdays 68 pm ET.
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"North Carolina Republican Rep. Virginia Foxx has been a prominent critic of the Biden administration’s overturning of a Trump rule that prohibits those overseeing pensions and other types of retirement funds from considering non-financial factors—such as environmental, social, or corporate governance considerations—in making investment decisions.
Foxx was just announced as the new chair of the Committee on Education & the Workforce, the committee with jurisdiction over the Department of Labor, and will likely hold oversight hearings on the rule. If she does, she will do so after making hundreds of trades of stocks in fossil fuel companies like ExxonMobil and Marathon Oil that could be hurt by the rule and likely while being invested in the companies."
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