Environmentalists say Biden s climate finance plan leaves the door open for fossil fuels washingtonexaminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonexaminer.com Daily Mail and Mail on Sunday newspapers.
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President Joe Biden is readying an executive order that would require companies to disclose the risks they face from climate change, special climate envoy John Kerry said this week.
Kerry didn’t elaborate on the details of the order or the timing, but the move would fulfill a
promise Biden made on the campaign trail to require all public companies to report their emissions and climate-related risks.
Already, the Biden administration has taken a number of actions to bolster capacity at agencies such as the Treasury Department, the Securities and Exchange Commission, the Commodity Futures Trading Commission, and the Federal Reserve to address the risks climate change poses to the financial system. Last month, the SEC
U.S. regulators lag on addressing climate s financial risk – report
Flames engulf a home during the Hennessey fire in Napa County, Calif.
Most U.S. financial regulators lag their global peers when it comes to addressing the systemic risks of climate change, according to a report released Tuesday by the Ceres Accelerator for Sustainable Capital Markets. The good news is that more regulators than ever are stepping up and speaking out about the systemic financial risks of climate change. The bad news is that they aren t moving fast enough, many of their peers aren t moving at all yet, and the dangers of inaction are mounting by the day, said Steven M. Rothstein, managing director of the Ceres Accelerator for Sustainable Capital Markets, in a release.
POLITICS: Biden expected to seek 50% carbon cut by 2030 eenews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eenews.net Daily Mail and Mail on Sunday newspapers.
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Rep. Andy Barr, a Kentucky Republican, is determined to stop efforts by the Biden administration and big banks and asset managers to incorporate climate change risk into their financial decisions.
Barr, the top Republican on the House Financial Services oversight subcommittee, sees those efforts as politically motivated attempts to choke off capital to the fossil fuel industry, including the coal industry dominant in his state. And as the Biden administration gears up to work on climate finance regulations, including requiring public companies to disclose their greenhouse gas emissions, Barr sees room for GOP lawmakers to go on the offensive.