Elizabeth Warren, Bernie Sanders and four other U.S. senators are pressuring the U.S. Treasury Department to step up oversight and offer more guidance to financial institutions on addressing climate change risks threatening the U.S. financial system.
In a letter sent to the Treasury last week, Democratic senators Warren, Martin Heinrich, Edward Markey, Sheldon Whitehouse and Jeffrey Merkley, as well as Sanders, an independent, welcomed the department's work on the issue so far but called for "added urgency" given increasing risks.
"As climate financial impacts grow, the Climate Hub and Treasury must pursue with added urgency all available measures to address the climate crisis and its threat to the stability of our financial system," the senators wrote in the previously undisclosed letter, a copy of which was obtained by Reuters.The senators called on Treasury Secretary Janet Yellen and, a climate and clean energy research executive, to do more to protect the U.S.
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