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This past May, President Biden signed an executive order on climate-related financial risk, a cross-governmental plan that directs federal agencies to identify and mitigate financial risks presented by climate change to Americans, businesses, and the government itself. Progress on this order was made over the weekend when Treasury Secretary Janet Yellen announced that the Financial Stability […]
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by Amy Lupica, ODP Staff Writer Janet Yellen, who was recently confirmed by the Senate as Treasury Secretary, plans to appoint former deputy Treasury secretary Sarah Bloom Raskin to head up a new Treasury “climate hub.” The hub would focus on assessing and combatting financial risks associated with climate change. Experts say the move is […]
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