US Democratic senators call for Fed to act on climate change
Fed has been “ignoring” financial risks of climate change, Democratic senator says
Ten US senators from the Democratic party are backing a draft law that would require the Federal Reserve to conduct climate change-related stress tests.
Democratic senator Brian Schatz, one of the draft law’s backers, called on the Fed to stop “ignoring” the financial risks of climate change.
“This bill will push the Fed to do their job and start taking climate risk seriously,” said Schatz, who is also a member of the Senate Banking Committee.
The legislation is being supported by nine other
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