Thor Benson is a staff writer for Common Dreams.
The chair of the Federal Reserve , Jerome Powell , is facing scrutiny this week for pushing back against efforts incorporate climate risk in global financial rules.'European central bankers have been advocating for the Basel Committee on Banking Supervision to agree on requiring lenders to disclose their strategies for meeting green commitments,' according to Bloomberg. 'In closed-door meetings, U.S.
'If Yellen's dire warning doesn't prompt action by the Fed, what will?'Powell had to be escorted out of a speech when climate protesters came to disrupt an event in October. 'We will remain alert to the risk that there will be pressure to expand role over time. We are not, nor do we seek to be, climate policymakers,' Powell said Wednesday.Powell has framed the issue as a 'partisan political fight.
Financial Regulations Jerome Powell Public Citizen Revolving Door Project Climate Emergency
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