The Big Story 

The Senate on Wednesday passed a Republican resolution to block a Labor Department green-investing rule under the Congressional Review Act.

© AP

The resolution, which passed the House on Tuesday, cleared the Senate despite the Democratic majority — due to absences, as well as Sens. Joe Manchin (D-W.Va.) and Jon Tester (D-Mt.) voting with Republicans.

Both senators face daunting reelection battles next year in deep red states with the presidential election at the top of the ticket.

The White House has said President Biden will veto the resolution if it reaches his desk.

The Labor Department rule would allow, but not compel, consideration of environmental, social and governance (ESG) factors in investment of certain retirement funds.

Republicans have increasingly taken aim at the practice, accusing practitioners of factoring political agendas into financial operations.

Read more about the vote and Tester’s decision at TheHill.com.

Welcome to The Hill’s Energy & Environment newsletter, we’re Rachel Frazin and Zack Budryk — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains.

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Essential Reads 

How policy will affect the energy and environment sectors now and in the future:

Senate sends bill nullifying Biden’s ESG investing rule to president’s desk

EPA proposal expected to expand sales of high-ethanol gasoline in Midwest states

DC’s cherry blossoms set for another early peak bloom: Park Service

In Other News 

Branch out with a different read from The Hill:

Dem reps seek to cap attorney fees in Camp Lejeune contamination cases

Two Democratic lawmakers introduced a bill on Tuesday that would cap attorney fees for claims made by victims of water contamination at a North Carolina military base in an attempt to weed out “bad actors.”

What We’re Reading 

News we’ve flagged from other outlets touching on energy issues, the environment and other topics:

• Greta Thunberg has joined a protest against wind farms. Here’s why. (CNN)
  

   

• Fossil fuel companies donated $700m to US universities over 10 years  (The Guardian)
  
  

• How Trump allies and wealthy donors helped to fuel the GOP fight against ESG investing platforms (CNBC)
  
  

• Chevron CEO does not rule out consolidation among oil majors (Reuters)
  
  
• Officials offer climate activists possible deal on Alaska oil project (The Washington Post)
  

What Others are Reading 

Two key stories on The Hill right now:

Trump ‘successfully chilled’ FBI from being willing to investigate anything related to him: Peter Strzok

FBI agent Peter Strzok on Wednesday said former President Trump and others “successfully chilled the FBI’s willingness to investigate anything” Trump-related, complicating later inquiries into the former president’s handling of classified document.  Read more

McCarthy, GOP pump brakes on release of Jan. 6 footage to Tucker Carlson

House Republicans are pumping the brakes on the release of Jan. 6 surveillance footage they’ve offered to Fox News host Tucker Carlson and going on offense against Democrats who have spent the past week slamming the move. Read more

Opinions in The Hill 

Op-eds related to energy & environment submitted to The Hill: