Financial regulators home in on climate risks

The HillFinancial 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.

After years of pressure from environmentalists and advocates for tighter financial rules, leaders at the Federal Reserve, Securities and Exchange Commission (SEC) and Treasury Department are laying out how the companies they regulate will be expected to respond to the climate-related risks facing the financial sector.

“I think we’ve come a long way in a very short period of time, and that was necessary because we were starting from behind,” said Gregg Gelzinis, senior policy analyst at the liberal Center for American Progress.

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