Biden prepares sweeping order on climate-related risks
In a draft executive order, President Joe Biden reaches into all corners of the federal government with plans that would touch every sector.
The Biden administration is assembling the plan ahead of a major international climate summit the president plans to host April 22-23. | Andrew Harnik-Pool/Getty Images
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President Joe Biden is preparing to instruct federal agencies to take sweeping action to combat climate-related financial risks to government and the economy, including moves that could impose new regulations on businesses.
In a draft executive order obtained by POLITICO, Biden reaches into all corners of the federal government with plans that would touch every sector of American industry, including banking and insurance, oil and gas, housing, agriculture, and federal contracting, purchasing and lending.