Well, it’s about time! Pilots and other American Airlines employees are suing the Airline for mismanaging their pension funds by playing politics with their pension dollars.

The workers allege that AA’s “pursuit of a leftist political agenda” is cutting into the returns on their workers retirement money.

As we’ve shown many times on these pages: ESG and gets lower returns than non-political investment strategies.

Inside Climate News reports that this is the “first of a kind lawsuit” against private pension plan managers.  The pension plan in question covers 100,000 employees’ 401k plans.

The lawsuit is being filed under the federal Employee Retirement Income Security Act (ERISA) law.  Employers must use due diligence in safeguarding the returns of the funds they manage. It seems clear to us that ESG is contradictory to this end.

The story also notes that: “In 2022, the Biden administration released new rules designed to encourage [pension managers] to advance social and policy goals such as renewable energy by making ESG investing easier. The rules were challenged by 26 Republican state attorneys general, but a district court judge in Texas ultimately upheld Biden’s rule.”

We believe that Trump should announce that these rules will be overturned on day one of his return to the Oval Office.