GOP Senators Urge Finance Agencies To Curb Focus On Climate Threats

May 11, 2022
Senate Republicans are sharpening their argument that financial agencies should generally avoid trying to address climate change risks and focus more effort on other priorities such as cyber security, even as top Biden administration officials continue to make the case that climate risks pose a major threat to financial system stability. “We’re not aware of a single bank failure in the modern era caused by any weather event,” argued Senate banking committee ranking member Pat Toomey (R-PA), during a May...


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