By Daniel Wiessner (Reuters) – President Joe Biden’s administration on Tuesday reversed restrictions imposed under his predecessor Donald Trump on retirement plans considering environmental, social and governance (ESG) factors such as climate change and racial justice when selecting investments. The Labor Department announced a final rule first proposed last year after Biden, a Democrat, ordered government agencies to assess climate-related risk to retirement and pension investments. The rule will make it easier for retirement plans to invest in socially responsible funds and companies, though…