Financial regulators home in on climate risks

Financial regulators are putting their environmental agenda into action as the Biden administration expands the ways the federal government will fight climate change.
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As winter sweeps the South, Fed officials focus on climate change

A top Federal Reserve official says climate scenario analysis could be valuable in making sure that banks mind their climate-tied weak spots.

Climate risk is about to reshape Wall Street

The US Federal Reserve and European Central Bank will now analyze the risk climate change poses to the financial system.

What Janet Yellen can do about climate change as US Treasury secretary

How the U.S. manages the economic recovery from COVID-19, the financial risks from climate change and inequality together will determine the chances of American prosperity over the coming decades.

Fed up with climate change

The Federal Reserve - America's central bank, responsible for managing the nation's money supply - announced last week that it has joined a network of institutions dedicated to preparing the financial system for climate change.

Fed joins climate network, to applause from the left

The central bank joined a network of global financial regulators focused on climate risk. The response to the move underlined its tricky politics.

Federal Reserve warns of climate risks, in historic first

In its bi-annual 'Financial Stability Report' published Monday, the U.S. Federal Reserve for the first time acknowledged the economic volatility risks associated with a warming planet.

BP's dividend cut puts firm on road to deliver green energy pledge

Investment in low-carbon energy is to increase ten-fold to $5bn a year by 2030. Over the next decade, renewable generating capacity will rise 20-fold and oil and gas production will be shrunk by 40%.

Climate change poses 'systemic threat' to the economy, big investors warn

Financial regulators should act to avoid economic disaster, according to a letter from pension funds and other investors representing almost $1 trillion in assets.

Sarah Bloom Raskin: The Fed should not subsidize fossil fuels

The Fed should not be directing taxpayer money to further entrench the carbon economy.

After push from gas drillers, Fed to expand Main Street loans to bigger businesses

The Federal Reserve is readying its $600 billion Main Street Lending Program after making changes last week to expand the scope of the new program by increasing the amount of eligible businesses and lowering the minimum loan size.

Oil companies have a new lobbying target during pandemic — the Federal Reserve

Struggling petroleum producers want more flexible terms on loans and other aid.

US financial regulators have a duty to steer us away from climate-induced financial collapse

When it comes to protecting the U.S. economy from the impacts of climate change, our financial regulators are falling short.

Former Fed Chair Janet Yellen says it's OK for the US to add to its $23 trillion debt pile - as long as it's used to pay for climate change and education programs

Former Fed chair Janet Yellen thinks it's OK if the government adds to its $23 trillion debt load - although there are strings attached.

Fed officials are increasingly warning that climate change could damage the economy

As the effects of climate change grow increasingly evident across the world, Federal Reserve officials are signaling fresh concerns about the dangers that extreme weather poses to the economy and to the financial system.

From our Newsroom

Fractured: The stress of being surrounded

Jane Worthington moved her grandkids to protect them from oil and gas wells—but it didn't work. In US fracking communities, the industry's pervasiveness causes social strain and mental health problems.

Fractured: Distrustful of frackers, abandoned by regulators

"I was a total cheerleader for this industry at the beginning. Now I just want to make sure no one else makes the same mistake I did. It has ruined my life."

Fractured: Buffered from fracking but still battling pollution

A statewide network of fracking and conventional wells, pipelines, and petrochemical plants closes in on communities.

Fractured: Harmful chemicals and unknowns haunt Pennsylvanians surrounded by fracking

We tested families in fracking country for harmful chemicals and revealed unexplained exposures, sick children, and a family's "dream life" upended.

Fractured: The body burden of living near fracking scientific investigation finds western Pennsylvania families near fracking are exposed to harmful chemicals, and regulations fail to protect communities' mental, physical, and social health.

LISTEN: Kristina Marusic discusses the "Fractured" investigation

"Once they had the results of our study [families] felt like they had proof that these chemicals are in their air, their water, and making their way into their bodies."

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