Treasury Official Defends Data As Crucial to Addressing Climate Risks

A top Treasury Department climate official is pushing back against opposition to federal efforts to gather information about climate change-related financial risks, arguing that the only alternative would be for regulators to ignore their mandate to protect the stability of the financial system. “The notion that somehow asking for data -- comparable data, decision useful data from large financial institutions . . . is somehow ‘overreach’ -- when regulators’ very mandate is to protect the ability of the financial system...