Union of Concerned Scientists: Treasury Department Report Important First Step But Fails to Fully Bring Financial Institutions Into 21st Century as Climate Change Worsens
October 23, 2021
October 23, 2021
WASHINGTON, Oct. 23 (TNSRes)(TNSCapv) -- The Union of Concerned Scientists issued the following statement:
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Following a review of federal banking practices, the Financial Stability Oversight Council (FSOC) released its recommendations yesterday on how regulators can ensure the financial system is adequately prepared for the impending onslaught of climate change impacts. The report, which was mandated by a May 2021 White House Executive Order, was led by Treasury Se . . .
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Following a review of federal banking practices, the Financial Stability Oversight Council (FSOC) released its recommendations yesterday on how regulators can ensure the financial system is adequately prepared for the impending onslaught of climate change impacts. The report, which was mandated by a May 2021 White House Executive Order, was led by Treasury Se . . .