Donald Trump's DOL had made it more difficult for retirement plan fiduciaries to direct money to ESG funds.
Just five of the 39 largest oil and gas companies have announced carbon-reduction targets needed to avoid a 2-degree Celsius temperature increase.
The rule would make it more difficult for fiduciaries of retirement plans to use ESG investment strategies.
Fidelity, BlackRock and other fund giants are opposing the plan to restrict ESG investing in retirement accounts.