Vilsack Eyes Creating New USDA Carbon Bank But Faces Hill Opposition

Agriculture Secretary Tom Vilsack says the department is weighing plans to create a new carbon bank within the Agriculture Department (USDA) to help finance climate mitigation efforts in the sector though the move is drawing stiff opposition from lawmakers, especially if it unilaterally creates the bank within an existing USDA credit agency. “When we talk about a carbon bank, I think many folks are taking a look at the existing carbon market and asking themselves whether or not it actually...