Elizabeth Warren Calls for Banks Present Their Local weather Catastrophe Plans
Official Portrait of US Senator Elizabeth Warren
Visitor essay by Eric Worrall
Democrat candidate Elizabeth Warren has stepped up efforts to find new causes to be outraged.
Warren calls on large U.S. banks for steps on local weather danger
Ann Saphir, Lindsay Dunsmuir
SAN FRANCISCO/WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren, a contender for the Democratic Occasion’s presidential nomination, is asking the most important U.S. banks for particulars on their assessments of and preparations for dangers associated to world warming.
“To guard themselves and the financial system from climate-driven catastrophes, massive monetary establishments should act shortly to handle dangers,” Warren, a frequent critic of huge banks, mentioned in letters despatched on Tuesday to high executives at Financial institution of America, Financial institution of New York Mellon, Citigroup, Goldman Sachs, JP Morgan, Morgan Stanley, State Road and Wells Fargo.
“I write to ask for extra details about the dangers brought on by the local weather disaster on the monetary business and your establishment’s practices, together with what steps, if any, your establishment is taking to adapt to mitigate these dangers,” she mentioned within the letters, supplied to Reuters.
She requested for detailed written responses by Feb. 7.
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Learn extra: https://www.reuters.com/article/us-usa-election-warren/warren-calls-on-big-u-s-banks-to-disclose-preparation-for-climate-risk-idUSKBN1ZL1VQ
Warren has additionally demanded extra anti-corruption investigations of President Trump, anybody who ever met President Trump, and possibly anybody she doesn’t like who ever heard of President Trump.
The one investigation Elizabeth Warren has not known as for is an examination of shut relations of main US politicians who acquired cash from the Iranian Authorities, which is likely to be as a result of if US enterprise hyperlinks to Iran had been investigated, Elizabeth Warren would face uncomfortable questions on her son in legislation.
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