to assess the potential risk that climate change poses to America’s financial system, part of a wide-ranging initiative launched by the Biden administration., will examine whether banks and other lending institutions are properly assessing the risks to financial stability. She chairs the committee, which includes Treasury, the Federal Reserve, the Securities and Exchange Commission and other financial regulators.
Banking executives are concerned that the administration’s effort could lead to increased regulatory oversight that will drive up banks’ cost of doing business and lessen their ability to make loans. She said the administration is backing international efforts to mobilize $100 billion per year from a variety of public and private sources to support efforts by developing countries to combat climate change.
Apparently someone sent out a memo, because all the major corporate outlets are suddenly pounding “climate change” this morning.
Huh, who would have though murdering the planet was bad for business... There is no economy if we are all dead. The fossil fuels profits were 100% not worth it.
It’s unfortunate that our nation only investigates climate change due to the financial impact but not that on people, wildlife, or our environment.
If more people work more energy gets used hence more climate change. Keep people unemployed.
These reactionary moderates have done nothing since the 90s but stall, dissuade and further oil and gas narratives about cyclic weather. A pox on them all.
Fund migration, don’t fight the climate
This planet has been changing lobe before mankind arrival here and the process will continue despite mankind’s feeble efforts. Nature decides this not mankind and just like thr dinosaur nature will decide when mankind’s time here will end, not mankind.
This will only be a hyperbole assessment to facilitate the current inflation trend due to Biden's anti corporate policies!
SAD, It took climate change to have financial impact to be taken seriously
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Source: YahooNews - 🏆 380. / 59 Read more »
U.S.'s Yellen says will try to address concerns of tax deal holdout countriesU.S. Treasury Secretary Janet Yellen said on Saturday that she would work to try to address the concerns of holdout countries that have not signed onto a global corporate tax deal, but added that it wasn't necessary for all nations to adopt it. Any new taxes MUST go directly to fund basic income for poor so they can become CONSUMERS strengthhen locsl supply chains and economies...move away from farming subsistence living Succes?
Source: Reuters - 🏆 2. / 97 Read more »
U.S.'s Yellen says will try to address concerns of tax deal holdout countriesU.S. Treasury Secretary Janet Yellen said on Saturday that she would work to try to address the concerns of holdout countries that have not signed onto a global corporate tax deal, but added that it wasn't necessary for all nations to adopt it. Any new taxes MUST go directly to fund basic income for poor so they can become CONSUMERS strengthhen locsl supply chains and economies...move away from farming subsistence living Succes?
Source: Reuters - 🏆 2. / 97 Read more »
UPDATE 1-US's Yellen urges better coordination on carbon policyU.S. Treasury Secretary Janet Yellen called on Friday for better international coordination on carbon-cutting policies to avoid trade frictions, days before the European Union is due to unveil a controversial carbon border tax. The EU's carbon border adjustment mechanism (CBAM) would impose levies on the carbon content of imported goods in an effort to discourage 'carbon leakage', the transfer of production to countries with less onerous emission restrictions. Speaking as G20 finance ministers met in Venice, Yellen said there were multiple paths to achieve the emissions cuts needed to tackle climate change besides explicit carbon-pricing. 👀
Source: YahooNews - 🏆 380. / 59 Read more »
The West is caught in a vicious climate change feedback loopAfter a heat wave in the Pacific Northwest, historic heat threatens records again, particularly in the Southwest. Scientists say heat and drought are each exacerbating the other — a vicious feedback loop that climate change is making even harder to break. Yes, GlobalWarming is real. GLeRbiL WeRmiN! Yeah but this Climate Fear goes up to eleven.
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