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Response to Proposed Department of Labor ESG Rule
Creative Investment Files Comment on the Proposed US Department of Labor Environmental, Social and Governance (ESG) Rule
"Private employer-sponsored retirement plans are not vehicles for furthering social goals or policy objectives that are not in the financial interest of the plan," said Secretary of Labor Eugene Scalia. "Rather, ERISA plans should be managed with unwavering focus on a single, very important social goal: providing for the retirement security of American workers."
Our 135 page response, filed on July 26, 2020, concerned the social impact of the proposed rule, and stated that:
"With this proposal, we believe the Administration and, by extension, the Secretary, have violated their oath to protect the public and should resign or be removed. Of course, we understand how committed these specific individuals are to self-promotion, as evidenced by their willingness to damage the public.
We will oppose this draft rule in Federal Court. As a recommendation from a Department headed by a person appointed by a president who conspired with foreign interests to win election so that he could damage the US, (as evidenced, once again, by this action) we believe any proposals put forward are illegal."
We provided a complete listing of all violations of law and custom that the Administration has committed over the past few years, including and leading up to 200,000+ deaths from the COVID 19 crisis.
The letter can be downloaded at: https://drive.google.com/
Creative Investment Research
William Michael Cunningham
Page Updated Last on: Aug 31, 2020