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Biden's SPEC Employees Make Sure Your Energy Costs Remain High

As the Biden administration fails to live up to its promises of transparency, one new office tucked away in the State Department has garnered attention for being even more secretive ....

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John Kerry's climate office rife with ties to far-left green groups

John Kerry's climate office has been tight-lipped about its staff, but a review of databases revealed that it is largely filled with officials from major green and global groups. ....

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Could global warming precipitate a global financial crisis?

Economists fear that a lack of consistent and effective corporate climate impact reporting could contribute to an environmental ‘Minsky moment’, with dire consequences for the world’s capital markets ....

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Biden orders Yellen to outline climate risks to financial stability

First published on
Dive Brief:
The Biden administration issued an executive order Thursday giving Treasury Secretary Janet Yellen six months to recommend steps to reduce the risks to financial stability posed by climate change. Her assessment will incorporate financial regulators’ plans to boost climate-risk disclosures.
The order also asks National Economic Council Director Brian Deese and National Climate Adviser Gina McCarthy, in coordination with Yellen and the Office of Management and Budget, to identify and disclose, within 120 days, the extent of exposure government programs and assets have to climate risks.
Our modern financial system was built on the assumption that the climate was stable, and that assumption has largely dominated existing financial models, and it’s underpinned the way that we invest capital, the way that we have built society, and the way that we have forecasted for the long term, Deese said Thursday, according to Bloomberg. T ....

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Biden enfrenta desafíos en límite a riesgo climático en finanzas

Biden enfrenta desafíos en límite a riesgo climático en finanzas
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