Companies would be required to disclose the greenhouse gas emissions they produce and how climate risk affects their business under new rules proposed Monday by the Securities and Exchange Commission as part of a drive across the government to address climate change.
Sarah Bloom Raskin, under fire from Senate Republicans for her views on climate change and financial regulation, has withdrawn her name from consideration for a key post on the Federal Reserve’s Board of Governors.
President Joe Biden announced the nomination of Sarah Bloom Raskin, a former Fed and Treasury official, for the Federal Reserve Board’s top regulatory slot on Friday in a move that could lead to climate concerns being incorporated into bank regulation.
