• Politics

House Republicans Push Back On The Fed’s Efforts to “Green” US Financial Institutions

• climate change
• climate risk
• fossil fuels
• green finance
• loans

Politico reports that 47 Republican Members of Congress wrote the Chair of the Federal Reserve Board, Jerome Powell, to urge that the Fed refrain from requiring banks to conduct “stress” tests to determine their vulnerability to climate change. 

Why This Matters:  Really?  Does failing to test the ability of banks to withstand a major financial risk make the risk go away?  This is climate denial that will really cost our economy.

• Sustainability

DITCHED: New York’s Divest/Invest Commitments with Daniel Zarrilli and Alfred Griffin

• #Ditched
• green finance
• Political Climate

by Julia Pyper, Host/Producer, Political Climate Cities and states have powerful roles to play in divesting from fossil fuels and directing investments toward sustainable industries. There are a number of ways for these sub-national actors to participate in the divest/invest movement and help pave the way for more widespread action.  In this episode of Political […]

• Climate Change

Fannie and Freddie Mortgages Vastly Underestimate Flooding Risks

• climate risk
• climate risk disclosure
• Flooding
• green finance
• mortgages

Climate-induced flooding has inundated coastal cities, yet new reporting from Politico shows that government mortgage lenders like Fannie Mae and Freddie Mac continue to pump money into severely flood-prone property markets.  As such in the Florida town of Hialeah, federal taxpayers hold greater than 60% of home mortgages. And as Politico explained, “if the homes […]

• Sustainability

DITCHED: Oil Companies Under Pressure with Valentina Kretzschmar

• #Ditched
• green finance
• Political Climate
• Wood Mackenzie

by Julia Pyper, Host/Producer, Political Climate A growing number of financial institutions are moving their investments from fossil fuels into less polluting projects and resources. So what do oil and gas companies make of this shift? Some of them are waking up to the clean energy transition in response to investor pressure. But there are […]

• Sustainability

DITCHED: Greening the Banks with Patrick McCully and Joe Sanberg

• #Ditched
• Biden Administration
• green finance
• Joe Biden

Banks don’t just hold on to your dollars and cents, they also play a role in addressing the climate crisis.  In the latest episode of Political Climate’s DITCHED series, the show takes a closer look at the banking sector and what institutions like JP Morgan Chase, Bank of America, Wells Fargo and others can do […]

• Sustainability

DITCHED: Fossil Fuels, Money Flows, and the Greening of Finance

• #Ditched
• green banking
• green finance

If you’re an Our Daily Planet reader then you know that the podcast Political Climate is our top pick for understanding the current politics driving climate action (or roadblocking it). But outside of happenings in Congress and across the federal government, the world of green finance is an important component of our collective action to […]