November 30, 2021
Fossil Fuel Loyalist Mitch Landrieu Is Biden's Pick To Manage $1.2 Trillion Infrastructure Bill
President Biden signed the elusive bipartisan infrastructure bill into law on November 15th. It’s just the first part of a planned two-part infrastructure push, the other being the Democrat-only Build Back Better Act which Joe Manchin and Kyrsten Sinema have slashed to pieces. Yet Biden keeps calling the bipartisan bill he signed a climate bill.
November 23, 2021
Corporate CrackdownDepartment of JusticeEthics in GovernmentExecutive BranchIndependent Agencies
Polling Finds Enormous Bipartisan Support For Crackdown On Corporate Lawbreaking
70 percent of Republicans, 70 percent of Independents, and 70 percent of Democrats surveyed believe the Biden administration should do more to hold lawbreaking corporations accountable.
November 22, 2021
2020 Election/TransitionClimateEthics in GovernmentFederal ReserveFinancial Regulation
RELEASE: Revolving Door Project Criticizes Biden For Choosing To Own Ethics Scandals And Deregulation By Renominating Powell
“We are extremely disappointed to see Biden renominate Jerome Powell as Chair of the Federal Reserve Board. Biden’s endorsement of Powell’s deregulatory agenda will greatly harm American families. Biden has an ambitious and urgent agenda on climate, financial stability, and addressing racial and economic inequality. Powell as Chair of the Federal Reserve will make it more difficult for Biden to ultimately be a successful president. Today is a win for the conventional wisdom and Establishment and a defeat for the planet and Joe Biden’s ultimate legacy.”
November 20, 2021
Attention Democrats: Make Corporations Your Enemies
Actual politics requires taking action against actual villains to solve problems, not the shrugging and cowering which elites persuade themselves is ‘savvy.’
November 20, 2021 | The American Prospect
Gensler Punts In Fight Over Auditing Watchdog
Gensler appears to have backed down from a full fight with Republicans on the SEC and in Congress. This is likely because Gensler needs to pick his battles, of which there are many. But in times as dire as these, choosing to let certain grifts carry on as normal is an ominous call.
November 19, 2021
FOIA Response Suggests Fed's Powell Was Dishonest About Personal Ethics Signoff
An inquiry from the Revolving Door Project has revealed the absence of any records of any communications of any kind between Powell and the Office of Government Ethics,
November 18, 2021 | The American Prospect
Department of JusticeEthics in GovernmentExecutive BranchIndependent AgenciesRevolving Door
How Biden Can Protect Students From Predatory For-Profit Colleges
The Biden administration inherited a morass of understaffed and undermined federal agencies, weakened by the Trump administration. It makes sense that building back the government’s capacity would be an uphill battle for the Biden administration, with so many years of policymaking undermined by his predecessor. What doesn’t make sense is the jarring number of cases in which the administration is going out of its way, at considerable cost, to uphold Trump-era policies that go against Biden’s stated agenda and the public interest.
November 17, 2021
ClimateDepartment of JusticeExecutive BranchFederal ReserveIndependent AgenciesTreasury Department
After Infrastructure Week
Congressional selfies and self-congratulations inaugurated the week, but a lot of hard work remains to translate the Infrastructure Investment and Jobs Act’s (IIJA) policies into real-life results. Given that those policies are (generously) middling and that the most promising ones are underfunded, turning these into winning programs will demand energy, creativity, competence, and a strong commitment to the public interest.
November 17, 2021
Revolver Spotlight: Charles Yi
Yi is the latest BigLaw revolver and corporate ally to join the Biden Administration.
November 16, 2021
Powell Held No Meetings With Labor, But Plenty With Wall Street, Through Biden Term
Powell did not meet with any non-governmental individuals who are not members of or aligned with the financial industry. This stands in stark contrast to Powell’s predecessor, Janet Yellen, who is now the Secretary of the Treasury.
November 10, 2021
A Fossil Fuel-Aligned Investment Executive Is Biden's Final Nominee to Manage Federal Retirement Funds
Harvard President Larry Bacow announced mid-afternoon on September 9th that the Ivy League university — whose 53.2 billion endowment exceeds the GDP of over 100 countries — would officially end its investments in fossil fuels. That announcement set off a domino reaction of divestment announcements from Dartmouth, the California State University system, Boston University, the University of Minnesota, the University of Toronto, the MacArthur Foundation, the Ford Foundation, the Netherlands’ largest pension fund, and hundreds of other groups. They appear to see the writing on the wall that fossil fuel investments, beyond being morally egregious, are also no longer profitable.
November 09, 2021
Brad Crabtree And The Dangerous Love Story Of Oil Production And Carbon Capture
The process of enhanced oil recovery that Crabtree champions is dangerous. Aside from the considerable economic and scientific barriers to scale, discussed below, the model of the CCT Crabtree supports rests on an unethical premise: that decarbonization should be profitable for Big Oil.
November 08, 2021
Quarles' Resignation Alone Won't Change The Fed's Regulatory Status Quo
There is no assurance whatsoever that Quarles’ successor will have anything close to Quarles’ own power, should Biden refuse to nominate a new Federal Reserve Chair.
November 05, 2021 | The American Prospect
A Missing Link in the Fight Against the Climate Crisis
With his legislative climate agenda hanging in the balance, President Biden turned to executive action this week in his attempt to “assert American leadership” at COP26 in Glasgow. On Tuesday, the Environmental Protection Agency (EPA) announced sweeping new rules to curb methane emissions. Those standards, which the agency estimates would eliminate a greater volume of emissions between 2023 and 2035 than those emitted from all U.S. passenger cars and commercial planes in 2019, were rightly applauded. For now, however, these are just estimates. Ensuring that they turn into real-life emissions reductions that meet or exceed expectations will require that agencies have the capacity to promptly write strong new rules and, then, enforce them.
November 04, 2021
When Republican Votes Advance Biden's Nominations
Rahm Emanuel’s nomination is not the first time a Biden pick advanced despite Democratic opposition.