The collapse of Sarah Bloom Raskin’s bid to be the Federal Reserve’s top banking cop shows how deeply oil industry allies in Congress are dug in against weaving climate change into financial oversight. Progressives and climate activists championed Raskin’s nomination because they were eager to see someone with extensive knowledge of the ways in which climate change, through extreme weather and climate events, related geopolitical upheaval and other effects, poses economic risks.
Andrew Freedman. Axios. March 15, 2022.
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