Of the many, interlinked crises that define American life in the 2020s, none is as literally existential as climate change. This presidential term will cover about half of the remaining years the United Nations estimates Earth has to prevent catastrophic and irreversible global warming.
Incalculable, globally 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 Agriculture, the military-industrial complex, and others — continue to spend tens of millions every year blackmailing American leaders into softballing and even ignoring the literal end of the world as we know it.
The Revolving Door Project has taken a two-pronged approach to aid in the fight for government action on the scale of the climate emergency. First, we have researched and raised alarms about the tools which climate change-exacerbating industries, including the fossil fuel industry, use to ossify the departments and regulatory agencies which should be holding them accountable. We highlighted corrupt Trump appointee Andrew Wheeler’s degradation of the Environmental Protection Agency in our collaborative “Swamp Tour” with the Progressive Change Institute. We tracked and exposed political contributions from influential fossil fuel figures in our Presidential Power Map. And we’ve raised alarms about fossil fuel allies sidling up to the Joe Biden campaign, as the Project’s Miranda Litwak and Max Moran wrote about in The Intercept, and the executive branch itself, as the Project’s Dorothy Slater wrote in our Fossil Fuel Industry Agenda.
We’ve also sought to show that climate change is a whole-of-government problem, just as it is a whole-of-society problem. Scattered across the executive branch are far more powers and appointees relevant to saving the planet than just those in the Environmental Protection Agency (EPA) or Department of Energy (DOE). As our Jeff Hauser told Kate Aronoff, “You could have the best EPA Administrator in the world. If they get overruled by OMB or NEC, it’s kind of irrelevant how good they are or how hard they fight.”
For example, financial regulators, mainly those who sit on the powerful Financial Stability Oversight Council (FSOC), can set rules to disincentivize lending to climate-degrading industries and regulate to protect the financial system from climate risk, as we described in our “FSOC 101” explainer. BlackRock, the world’s largest investor in fossil fuels, aggressively lobbied little-known regulatory agencies which still have seats on FSOC to insulate it from a level of oversight which could have substantially changed its behavior. We have been at the forefront of calling out BlackRock’s practice of hiring Democrats in an effort to “greenwash” their brand, as well as pushing regulators like Treasury Secretary Janet Yellen (as leader of FSOC) to step up and regulate BlackRock as it should be regulated.
Revolving Door Project aims to keep this kind of deep inside-game from being exploited. To that end, we’ve integrated climate change into all of our other lines of inquiry into corporate capture of the executive branch. Most of the world had never heard of Larry Summers’ horrific record on climate issues until the Revolving Door Project wrote about it and shared our research with allies. Now, his history of wrist-slapping the fossil fuel industry played a key role in the surge of pushback that led him to officially refuse any job in a Biden administration. Similarly in the case of Alex Oh, a corporate lawyer who defended the likes of ExxonMobil, Fannie Mae, Bank of America, and Pfizer. Oh resigned less than a week after being appointed as the SEC’s Enforcement Director, citing “developments” in the case where she defended ExxonMobil against Indonesian villagers citing torture and implying she would prefer not to deal with the inevitable bad press. This came soon after a letter from RDP and other progressive groups urging SEC Chairman Gary Gensler to revoke the appointment and our research publicizing the extent of Oh’s legal career.
Between the success of keeping Alex Oh out of government (which led the NY Post to blast us as a “good-government group” who put “a progressive bullseye on her back”) and our work successfully pressuring Gensler to clear house at the PCAOB (infuriating those at the Wall Street Journal), it’s clear we are making the right people mad.
Whether it’s installing Justice Department officials ready to prosecute polluters to the fullest extent of the law, or setting new rules at the Office of Management and Budget (OMB) to screen all government spending projects for climate equity, there are considerable actions the executive branch can take to reorient our governance around the overriding need to protect our planet. Max Moran detailed several of these for The American Prospect last July. There are also important gatekeepers scattered across the executive branch which environmentalists must know how to overcome to get the change we desperately need: the most prominent of these is the Office of Information and Regulatory Affairs, which our Jeff Hauser wrote about in September of 2019.
Likewise, the forces arrayed against climate action are more sophisticated than just oil lobbyists and pipeline executives. Too often, individuals with seemingly strong climate credentials revolve out of government and into influence-industry positions secretly funded by the fossil fuel industry — be they think tanks, academic institutions, or the greenwashing divisions of major investment corporations — or to corporation-defending BigLaw firms, as we highlight in our BigLaw series. These seemingly upstanding institutions provide moral cover to the allies of Big Oil, allowing them to list an employer which sounds more respectable than ExxonMobil or Shell, even if those companies are the ones really paying the bills.
The Revolving Door Project aims to expose these front groups, and prevent anyone willing to take under-the-table cash from the fossil fuel industry from exerting power in the federal government again. We will not shy away from criticizing those loyal to BigLaw firms and their corporate, fossil fuel giant clients, like Michael Connor, who is set to lead the Army Corps of Engineers, or Todd Kim, set to be the top environmental lawyer at the DOJ.
We will continue to keep a watchful eye on the Department of Justice, call out those loyal to profit over climate like Mark Gallogly, push for Biden to utilize the most obscure aspects of his power, (like appointing five new members to the Federal Retirement Thrift Investment Board, who could divest federal retirement money overnight), and spotlight little-known positions in places like the Treasury Department and the Securities and Exchange Commission which could have huge impacts on climate action.
The stakes of the climate crisis leave us morally obligated to use every tool in the executive toolbelt that can prevent irreparable harm, and to shield the government from anyone willing to accept anything less.
Below you will find some of the project’s writing and research on climate policy. For a selection of quotes and interviews on the topic, please visit this page.
April 26, 2024
The U.S. Midwest's Home Insurance Crisis Should Be a Wake-Up Call
Soaring premiums, denied claims, and disappearing coverage in Iowa and elsewhere underscore the need for progressive interventions to reduce climate risks and redistribute costs.
April 18, 2024
PODCAST: RDP's Kenny Stancil Talks Home Insurance On Arnie Arnesen Attitude
RDP Senior Researcher Kenny Stancil joined Arnie Arnesen to discuss a pair of co-authored pieces on the escalating climate-insurance-housing crisis.
April 16, 2024
RELEASE: New Report Details How the National Association of Insurance Commissioners Impedes Effective Climate Action
The NAIC exists primarily to stave off federal regulation while setting the lowest possible bar for state regulators, who are often captured by industry interests.
April 16, 2024 | The American Prospect
Democrats Must Start Distinguishing Themselves on Insurance Policy
Amid a crisis for homeowners, Democrats have done little while Republicans pursue an agenda of bailouts and deregulation.
April 05, 2024
RELEASE: When It Comes To Climate-Related Financial Risk, The Fed Needs To Get Its Head Out Of The Sand
Biden erred with his renomination of Powell, but if he gets another chance, he must choose a central bank leader dedicated to properly tackling the myriad challenges facing the Fed, which range from price stability and full employment to financial stability and climate-related financial risk.
April 05, 2024
Civil Society Comments on the Disclosure of Climate-Related Financial Risks
Disclosure of climate-related financial risks is critically important for investors, banks and other financial institutions, regulators, and the broader public.
March 27, 2024
A Win For PFAS And A Loss For The IRS
We focus on the under the radar impacts of corporate control of the Fifth Circuit and Congressional Republicans.
March 26, 2024
Take the Input of Polluting Liars for What it is Worth (Nothing)
The Biden Administration’s Environmental Protection Agency (EPA) is in the process of finalizing its Greenhouse Gas (GHG) Emissions Standards for Heavy-Duty Vehicles. The standard is a little known, but massively important, part of the process necessary to push industrial progression toward a cleaner future.
March 20, 2024
The Next Frontier Of Corporate Polluting: Hydrogen
The corporate polluters are at it again with a new push for “clean energy”—and against government safeguards to ensure that it’s clean.
March 13, 2024 | Revolving Door Project Newsletter
Meet Montana Attorney General Austin Knudsen
Montana’s top legal officer is flying under the national radar, but his scandals and policy agenda mirror his more infamous peers.
March 01, 2024
Republican Attorney Generals Letter Is A Clear Attempt To Misconstrue Biden’s Good Actions on Climate Change
The letter released by several Republican Attorneys General, in response to Biden’s LNG pause, is deeply problematic and entirely baseless.
February 29, 2024
RELEASE: Treasury Must Continue To Stand Firm Against Industry Fearmongering and Regulatory Capture in Finalizing Clean Hydrogen Guidance
In response to Thursday’s reporting from E&E News on the Energy Department pushing the Treasury Department to align its clean hydrogen tax credit guidance with industrial polluters’ wishlist, the Revolving Door Project released the following statement:
February 23, 2024
On Larry And Ledes
Larry Summers’ latest departure raises questions new and old. And we wish Politico had buried this lede, preferably at least six feet deep.
February 22, 2024
Trump Judge And Louisiana AG Fight To Maintain Environmental Racism
In 2022, Biden’s EPA opened an investigation into Louisiana’s Departments of Health (LDH) and Environmental Quality (LDQ) for failing to sufficiently protect residents of “Cancer Alley”—a strip of predominantly poor, Black communities suffering the dire effects of pollutants spewed from nearby petrochemical plants. To their credit, LDH and LDQ cooperated with the investigation and worked to craft more stringent standards and oversight protocols. Former Louisiana Attorney General Jeff Landry, however, had other ideas. His office filed a lawsuit challenging the EPA’s (clear) authority to pursue its investigation under Title VI of the Civil Rights Act, which allows the government to terminate federal funding for an agency found to have engaged in discrimination. Liz Murrill, Landry’s successor, is picking up the torch to carry on his malevolent agenda.
February 05, 2024
Will Jay Powell’s Cheerleaders Ever Admit They Were Wrong?
Soon after Biden renominated Powell, the ostensibly dovish Fed chair embarked on the most intense and sustained series of rate hikes in decades. We were told that this wouldn’t happen!