How Republicans Are ‘Weaponizing’ Public Office Against Climate Action

Like Ms. Omarova, Ms. Raskin withdrew her nomination. “Sarah was subject to baseless attacks from industry and conservative interest groups,” Mr. Biden mentioned in an announcement.

The treasurers have additionally set their sights on new federal guidelines and laws supposed to strengthen the federal government’s skill to behave on local weather change.

Late final 12 months, the State Financial Officers Foundation labored with the Heritage Foundation to reply to proposals from the Financial Stability Oversight Council, a authorities panel assigned to reduce danger within the monetary sector, on methods to scale back the threats posed by local weather change, data present.

And quickly after that, Mr. Oaks, the Utah treasurer, drafted a letter opposing a possible Department of Labor rule that will enable retirement plans to think about dangers from world warming of their funding technique. Mr. Kreifels distributed the draft to the muse’s members, and greater than a dozen treasurers signed the ultimate letter. The Department of Labor has not determined whether or not to implement the rule.

This 12 months, the treasurers focused the Office of the Comptroller of the Currency. After the company proposed a rule to require banks to think about climate-related monetary danger, executives from the Heritage Foundation despatched Mr. Kreifels and Mr. Oaks a memo outlining their opposition. Within weeks, dozens of state treasurers and attorneys normal from Republican-led states submitted feedback objecting to the proposed rule.

“This special concern for and attention to climate-related risks is irrational,” one remark learn.

And in May, Mr. Kreifels organized a name with the treasurers to debate laws proposed by the Securities and Exchange Commission that will require corporations to publicly disclose local weather dangers to traders. The featured visitor was a consultant from the American Petroleum Institute, the lobbying arm of the fossil gas business.

The subsequent month, the State Financial Officers Foundation despatched a 20-page letter signed by greater than a dozen treasurers, calling the S.E.C.’s proposed rule, which has not but been enacted, “irrational climate exceptionalism, elevating climate issues to a place of prominence in disclosures that they do not deserve.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular Posts

Trip.com says China hotel bookings are surpassing pre-pandemic levels

BEIJING — Hotel reservations in China have surpassed pre-pandemic levels since late June, reserving web site Trip.com mentioned Thursday.Trip.com shares briefly fell by greater...

The Witcher season 3 slices its way to Netflix in summer 2023

Netflix’s 2022 Tudum occasion gave followers updates on two upcoming tasks in the Witcher universe. The third season of The Witcher, starring...

This Week In History Information, Sept. 18

Ancient Ho-Chunk canoe present in Wisconsin, Byzantine mosaic uncovered in Gaza, Bronze Age opium unearthed in Israel.Archaeologists In Wisconsin Just Pulled A 3,000-Year-Old Ho-Chunk...

Netflix launches Oxenfree on mobile for its subscribers

Interested in studying what's subsequent for the gaming trade? Join gaming executives to debate rising elements of the trade this October at GamesBeat Summit...

Palantir CEO Alex Karp says tidal wave of macroeconomic risks will wipe out some companies

Palantir co-founder and CEO Alex Karp believes this era of "deadly" macroeconomic uncertainties will crush many companies with shaky fundamentals."Bad times are incredibly good for...