Biden Poised To Issue Climate Finance Order Amid Push For Strict Rules

May 19, 2021
President Joe Biden is poised to issue a long-awaited executive order requiring financial regulators to consider regulating banks and other firms’ potential climate risks amid growing pressure from congressional Democrats and their supporters for the administration to quickly adopt a broad range of tough rules to address such risks. White House officials, including climate advisor Gina McCarthy, have said they are crafting an executive order that will mobilize a range of regulatory agencies to tackle such risks. Among other things,...

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