Elizabeth Warren Demands Big Banks Turn Over Their ‘Climate Change’ Plans

Under what authority is she doing this? She’s a federal Senator.

Warren asks banks to turn over plans to prepare for climate change

Sen. Elizabeth Warren (D-Mass.) sent a series of letters to the nation’s largest banks Wednesday asking them to turn over their plans for how they will prepare for the financial risks of climate change.

“As climate change continues to affect our economy, it is critical to understand your bank’s adaptation and mitigation strategies,” Warren wrote.

Warren’s letter highlighted a number of financial risks that could stem from climate change, all part of a package of research from the Federal Reserve Bank of San Francisco.

Sea level rise and floods could impact the real estate market. Increasingly severe natural disasters could stress financial markets, particularly as displaced people move away from often-hit areas.

You mean natural risks that have always happened could cause issues? ZOMG!

The letter was sent to JPMorgan Chase, Citigroup, Bank of America, Goldman Sachs, Wells Fargo, Bank of New York Mellon, Morgan Stanley and State Street.

Warren’s letter comes as environmentalists’ push for Wall Street to take action on climate change is gaining traction.

The letter, which asked for banks to respond by Feb. 7, won’t just document banks’ response to climate change, but also asks the financial institutions to go on the record on their support for a Warren bill that would require “bank stress tests” for various climate scenarios.

The tests would require banks to evaluate risk at 1.5 degrees Celsius of warming above pre-industrial levels, 2 degrees of warming, and one assuming a “business as usual” path.

If banks did not provide a satisfactory plan under each scenario, the Federal Reserve could block them from making loans.

Wait, wait, was that part about “asks the financial institutions to go on the record on their support for a Warren bill that would require “bank stress tests” for various climate scenarios.” And about the Fed blocking banks from making loans if they do not support Liz’s climate cult fantasies? Warmists have given me crap for around 15 years for saying this whole thing has nothing to do with science and everything to do with Progressive (nice Fascist) politics, and then Warmists like Liz keep proving that I’m right.

Hey, maybe we can put a windmill on every teepee.

(Photobucket sorta seems to be working, we’ll see if the photo lasts)

Save $10 on purchases of $49.99 & up on our Fruit Bouquets at 1800flowers.com. Promo Code: FRUIT49
If you liked my post, feel free to subscribe to my rss feeds.

Both comments and trackbacks are currently closed

2 Responses to “Elizabeth Warren Demands Big Banks Turn Over Their ‘Climate Change’ Plans”

  1. Liljeffyatemypuppy says:

    Here’s your climate change plan…

    https://tinyurl.com/rrazg48

    Don’t be Lizzie.

    #Lolgf https://www.thepiratescove.us/wp-content/plugins/wp-monalisa/icons/wpml_cool.gif

  2. She is a US Senator. She could propose this as a law, then convince a majority of her friends in the Senate to follow her, then convince a majority of her friends in the House to follow her, then convince the President to sign it, then convince the courts that it shouldn’t be struck down as unconstitutional. Easy.

Bad Behavior has blocked 9289 access attempts in the last 7 days.