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)
Read: Elizabeth Warren Demands Big Banks Turn Over Their ‘Climate Change’ Plans »
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.
[Schiff] and the six other managers prosecuting the president spent much of Friday tying up the facts of the second charge, obstruction of Congress, and arguing that Mr. Trump’s attempts to shut down a congressional inquiry into his actions toward Ukraine was unprecedented and undermined the very ability of the government to correct itself.
The world needs an open dialogue about climate change to heal the gap between sceptics and believers since time is running out to cut the emissions that drive global warming, German Chancellor Angela Merkel said on Thursday.
Former U.S. Vice President Al Gore believes the climate crisis is getting worse “way faster†than most people realize, describing it as a “challenge to our moral imagination.â€
Rep. Adam Schiff (D-Calif.), the lead House impeachment manager, made an impassioned effort to break through to Senate Republicans on Thursday night in his closing argument by exhorting them to remove President Trump from office because “you know you can’t trust†him “to do what’s right for this country.â€
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Climate change has already been blamed for deadly bush fires in Australia, dying coral reefs, rising sea levels and ever more cataclysmic storms. Could it also cause the next financial crisis?

