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July 23, 2021
Trump Picked A Climate-Skeptical Insurance Lobbyist For A Key Regulatory Council. Biden Hasn't Fired Him Yet.
Workman came with exactly zero experience as an insurance regulator, but plenty of experience from the opposite side of the courtroom: for 17 years, he’d been the President and CEO of the life insurance industry’s main lobbying group in the state of New York, the Life Insurance Council of New York (LICONY).
July 20, 2021
June 30th marked the last official day of Republican Neil Chatterjee’s term as a commissioner on the Federal Energy Regulatory Commission (FERC). Despite FERC’s obscurity, it is a critically important independent agency of the federal government that regulates the interstate transmission of oil, gas, and electricity, and reviews proposals to build gas terminals and pipelines. As of July 1st, a new commissioner nominated by President Biden and confirmed by the Senate could have stepped in, giving the five-seat board a Democratic majority. Biden has thus far failed to begin that process, so Chatterjee will remain serving an expired term until Biden appoints and the Senate confirms someone new.
July 19, 2021
Graham’s history fighting for the public against the predations of and systemic risks posed by Wall Street, and now the fossil fuel industry, speaks for itself.
July 14, 2021
The Biden Administration has a historic opportunity to reverse the executive branch’s long-standing war on whistleblowers, and end the all-too-common (and sadly bipartisan) practice of villainizing whistleblowers and leakers to avoid accountability for government wrongdoing revealed by these actors.
July 08, 2021
“As a private corporate attorney, MacBride defended fossil fuel companies, Wall Street giants, Big Tech monopolies, and a myriad of other corporate industries,” the groups wrote. “His past work fighting vigorously and successfully on behalf of corporations against the public interest disqualifies him from a role in the administration.”
July 07, 2021
There is no delicate way to put it: Biden’s Department of Justice (DOJ) has been a striking failure so far. More than 10 percent of the way through this presidential term, Attorney General Merrick Garland has failed to remove Trump holdovers; is treating Trump as a completely typical president and refusing to prosecute his many crimes; is not reversing dangerous Trump-era legal positions; and is freely allowing corporate capture of his department.
Garland’s disappointing tenure is detrimental to progressive plans for many issues — criminal justice, police violence, labor rights, immigration, antitrust, and white collar crime prosecution, among others — but his potential to wreak havoc on necessary climate action is most staggering considering the existential stakes.
July 07, 2021
Survivors of sexual assault were hurt to learn that the Department of Justice chose to continue to defend Donald Trump in E. Jean Carroll’s defamation suit against the former president. Unfortunately, this is but one example of many in which Merrick Garland’s Justice Department has maintained flawed legal positions of the Trump administration which contravene not only the administration’s goals, but basic norms of American democracy. While the Attorney General may be motivated by an attempt to maintain the appearance of impartiality at the DOJ, the institutional goal must be to achieve just outcomes; deference to the Trump DOJ under the guise of impartiality is not only unwarranted, it is unjust. The flawed legal positions the Department has been adopting or maintaining in case after case contravene this goal. These positions have already had disastrous repercussions.
July 06, 2021 | The Daily Beast
Neil MacBride spent eight years leveraging his government experience to defend Big Oil, Big Pharma, and Wall Street giants. Why does Biden want him back?
June 30, 2021
President Biden has hired several Big Oil consultants and insiders to staff the executive branch amid growing calls for federal climate action.
June 29, 2021
New financial disclosure filings reveal that Elizabeth Rosenberg, Biden’s pick for Assistant Secretary of the Treasury for Terrorist Financing, was a consultant for ExxonMobil and a Big Oil-aligned corporate law firm.
June 21, 2021
On the occasion of President Biden’s meeting with top financial regulators to discuss the health of the financial system, including climate-related risk, Revolving Door Project Executive Director Jeff Hauser issued the following statement:
June 14, 2021
Asset management giant BlackRock most recently made the news for buying up huge tracts of U.S. housing stock to become, essentially, a massive corporate landlord at the expense of all the rest of us. (Seems like they are learning a thing or two from private equity firm Blackstone, to which they formerly belonged, which is infamous for its predatory and downright evil infiltration of the housing market.)
June 07, 2021 | The American Prospect
Michael Connor of WilmerHale has been appointed to run a surprisingly important agency in efforts to mitigate the climate crisis.
June 02, 2021
Working Paper: New Federal Reserve Governors Must Deploy All of the Institution’s Tools to Advance the Public Interest
Over the course of the next eight months, Biden will have the opportunity to reshape the Federal Reserve Board of Governors with nominations for up to four of its seven seats, including the positions of Vice Chair of Supervision, Vice Chair, and Chair (listed in the order they will become vacant). In choosing nominees for these posts, it will be essential that Biden consider the full weight of the Federal Reserve’s immense power and select individuals who are ready and willing to deploy every ounce of it to advance the public interest.
May 13, 2021 | The American Prospect
Progressives have generally seen Gary Gensler, the newly confirmed chair of the Securities and Exchange Commission (SEC), as a loyal advocate for the public interest. His tenure at the Commodity Futures Trading Commission (CFTC) was one of the few bright spots in Barack Obama’s financial regulatory regime. But in April, Gensler named Alex Oh to be his director of enforcement, before she resigned a week later amid negative media attention. Before joining the SEC, Oh had directly facilitated an ExxonMobil executive’s obstinate deposition testimony (reportedly read off an attorney-drafted script) in the face of plaintiff objections—and the case itself centered on accusations of torture, rape, and murder by ExxonMobil-hired guards in an Indonesian village.