The fight over climate change is increasingly focusing on Wall Street, with a key federal watchdog this week directing regulators like the U.S. Securities and Exchange Commission (SEC) to do what they can to lower emissions.
Federal regulators must act quickly to require banks to insulate themselves and their customers against the potentially ruinous financial effects of both climate change and the energy transition,
Analysis found links to Exxon, Koch Industries, and the U.S. Chamber of Commerce, raising concerns about a potential “revolving door,” one campaigner said, between the insurance and fossil fuel industries.
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