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January 21, 2021
The OCC could also update the Comptroller’s Handbook to guide bank examiners to measure climate risk in their assessments, which would force banks to measure climate risk in their own internal stress tests. This would also push banks to make environmentally sound decisions, because they would be recontextualized as financially savvy decisions.
January 14, 2021
These personnel additions should leave climate activists cautiously optimistic, and many of these individuals are examples of people we would like to see staffed in every department and agency throughout the federal government.
December 16, 2020
After news broke that Michael Regan, who currently leads the North Carolina Department of Environmental Quality, was the new frontrunner to lead the EPA — and was also being considered to be director of the EPA’s Southeast Region Office — environmental justice leaders in North Carolina began pushing back immediately.
December 11, 2020
Mary Nichols, the reported frontrunner to lead Biden’s Environmental Protection Agency, has been appointed four times to the California Air Resources Board (CARB) and is best known for spearheading California’s cap-and-trade program. Since the program began, California’s carbon emissions from its oil and gas industry rose 3.5%. For a state that would have the fifth-largest economy if it were a country, anything but a significant and ongoing decline in carbon emissions is disastrous.
November 24, 2020
Brian Deese's Policy Record Hurt The Most Vulnerable
From 2008 – 2016, Brian Deese rose from a law student to a Presidential advisor on fiscal policy, climate change, and trade. Deese’s personal geniality and intelligent demeanor drove this rise — but a review of his policy positions reveals a history of backing wildly incorrect conventional wisdom convivial to the powers that be.
November 23, 2020
What A Bold Treasury Secretary Could Do
President-Elect Joe Biden’s choice to name Janet Yellen as his Treasury Secretary represents a tremendous opportunity to take executive action on the issues most pressing to all Americans. Here are just some meaningful actions the next Treasury Secretary could take without having to go through Congress.
November 13, 2020
Economists-For-Hire Help Monopolists And Big Oil Both
On Wednesday, The New York Times exposed that a network of seemingly-grassroots campaigns to promote the use of fossil fuels was actually organized by FTI Consulting, a dystopic corporate consulting firm working on behalf of oil and gas behemoths like ExxonMobil. The Times also implicates an FTI subsidiary, Compass Lexecon, in producing academic reports to support these astroturfed campaigns’ talking points. Compass Lexecon employees wrote reports criticizing activist shareholders and university divestment campaigns, tactics often used by the environmental activists FTI was paid to undermine.
October 14, 2020
How Biden's Treasury Department Could Fight Climate Change
The fossil fuel industry depends on financial institutions to survive. And banks, for their part, pull in big profits from underwriting climate disaster. That’s why, if Joe Biden wins in November, his pick for Treasury Secretary must be an aggressive advocate for climate action. The Treasury Department has untapped capacity to push financial institutions and insurance companies to take the risks of the climate crisis seriously. While his legislative proposals elicit proper close scrutiny, his choice of Treasury Secretary is arguably among Biden’s most important climate policy decisions.
September 24, 2020 | The American Prospect
Re-Fund the EPA
The wildfires and hurricanes plaguing the United States in the last month reflect the massive societal implications of climate change. Understanding the importance of this moment, Vice President Joe Biden has proposed a $2 trillion climate plan designed to transition the economy away from greenhouse gas emissions. The plan calls for an emission-free power sector by 2030, as well as an environmental justice component to address how climate policies have failed communities of color. Parts of Biden’s plan will require new legislation and others will deputize numerous federal agencies. But a major share of responsibility for success will fall on the Environmental Protection Agency.
August 19, 2020
The Revolving Door Project On Aggressive Climate Action From The Executive Branch
Incalculable, world-historic pain and suffering are already happening as a result of the climate crisis. Yet the forces of big business responsible — most especially the fossil fuel industry, but also Big Ag, the military-industrial complex, and others — continue to spend tens of millions every year blackmailing American leaders into softballing or even ignoring the literal end of the world as we know it.
August 07, 2020 | The Intercept
On Climate Policy, Biden’s Advisers Reveal More Than His Proposals Do
Several of Biden’s informal advisers and confidants on energy policy are veterans of the Obama administration’s “all of the above” strategy, which embraced fossil fuel development and technologies like fracking while publicly trumpeting clean energy commitments.
April 20, 2020
A Larry Summers Comeback Would Threaten Climate Justice
Summers’ influence has directly exacerbated our climate crisis by repeatedly halting any meaningful attempt at curbing the crisis.
April 15, 2020
Freshman Legislators Advance a Courageous Plan to Address Economic Fragility
This crisis has shattered any illusions that our post-financial crisis framework is resilient enough to withstand the challenges of the future. Coronavirus has, in particular, uncovered one of our most fundamental, persistent weaknesses: our continued inability to anticipate and prepare for new financial risks. For this ill-preparedness, we have powerful actors like BlackRock, the asset management giant and political titan, to thank. In an effort to avoid more stringent regulation, BlackRock and others not only evaded scrutiny for their own contributions to systemic risk, but virtually destroyed the mechanisms designed to examine such risk across the wider economy.
September 25, 2019 | The American Prospect
The Little Agency That Could (Block All Good Regulations)
The next Democratic president will, like Bill Clinton and Barack Obama before them, inherit an executive branch that in critical respects was shaped by Ronald Reagan. The administrative procedures and bottlenecks are designed to frustrate effective action. Most important, the next president will immediately face a seemingly uneventful decision whose earth-shattering significance is only apparent to corporate lobbyists. Previous generations of progressive activists have tragically ignored it. That decision is: Who should run the Office of Information and Regulatory Affairs (OIRA)?