Volume 236, March 2, 2023

Biden must stop Congress from outlawing pension funds that make investments to slow climate change

The US Senate passed legislation Wednesday to prevent pension fund managers from basing investment decisions on factors like climate change. The resolution was adopted 50-46 to overturn a Labor Department rule making it easier for fund managers to consider environmental, social, and corporate governance, or ESG, issues for investments and shareholder rights decisions.

Republicans are making the government interfere with private investment decisions claiming that when pension plan managers pursue climate change savvy investments it hurts performance. Many ESG funds did perform worse than the market with the current downward trending stock market. However, performing better than the market was a US-patented smart climate model, an analytic investment tool used by pension funds including the United Nations Pension Fund.

Banks are using the Entelligent Smart Climate Financial Calculator to turn a profit for investors who wish to slow climate change. When certain companies address climate change by decreasing fossil fuel use and improving efficiencies, they profit more than other companies.

Slow climate change with your spare change.

The Ocean River Institute is tackling climate change with local actions that include ringing the bell at First Parish Church Cambridge for 11 minutes and standing before traffic holding signs on the eleventh of each month because this is the eleventh hour for climate change action.

We are tackling climate change regionally striving to establish a Massachusetts Slow Water Drought Relief Soil Building Carbon Offset Fund and a Let Forests Grow Carbon Offset Fund.

We are tackling climate change nationally with progressive legislation and harnessing market forces where businesses and their investors’ profit when addressing climate change responsibly.

Join us to contribute spare change. When transactions are made with your credit card, the change is rounded to the dollar amount. Gifts of such small amounts make a big difference when many participate. They add up to meaningful amounts.

Spare change to slow climate change.

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