Manchin and Biden clash over ESG veto and 'radical policy agenda'.

Senator Joe Manchin criticized the Biden administration for prioritizing politics over securing the best financial returns for Americans after President Biden vetoed bipartisan legislation that would have killed a regulation that encourages private retirement plan fiduciaries to consider environment, social and governance (ESG) factors when making investment decisions for over 150 million Americans. Biden defended the rule, arguing that it allows retirement plan fiduciaries to make "fully informed" investment decisions. ESG opponents have expressed fears that so-called "woke" corporations and investors will bully firms that do not comply with that agenda.