ACORE: Labor Department’s Proposed Rule Limiting ESG is a Step in the Wrong Direction

WASHINGTON, D.C. – Following is a statement from Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE), on the U.S. Department of Labor’s newly-proposed investment duties rule:

“The Department of Labor’s proposed rule is a clear step in the wrong direction, and one that seems intended to hamstring one of the nation’s most important and fastest-growing trends in finance: Environmental, Social and Governance (ESG) investment. Sustainable investing is today a $12 trillion phenomenon in the U.S., with ESG investments increasingly recognized as the best choice for realizing maximum long-term returns, often performing better than non-ESG equivalents. ACORE looks forward to engaging with Labor officials to help them better understand the benefits of ESG investing, and why it should be enhanced not hindered.”


About ACORE:
Founded in 2001, the American Council on Renewable Energy (ACORE) is the nation’s premier pan-renewable organization uniting finance, policy and technology to accelerate the transition to a renewable energy economy. For more information, please visit

Media Contact:
Alex Hobson
Vice President of Communications
American Council on Renewable Energy | 202.777.7584 (o) | 202.594.0706 (c)