Like Ms. Omarova, Ms. Raskin withdraw her nomination. “Sarah has been subjected to baseless attacks from conservative and industry interests,” Biden said in a statement.
Treasurers have also set their sights on new federal rules and regulations that strengthen the government’s ability to act on climate change.
Late last year, the State Finance Officers Organization worked with the Heritage Foundation to respond to proposals from the Financial Stability Oversight Council, a government panel tasked with mitigating risks. in the financial sector, on ways to mitigate the threats posed by climate change. .
And shortly after, Mr. Oaks, the state treasurer, drafted a letter protesting a potential Labor Department rule that would allow retirement plans to consider the risk posed by global warming in their strategy. their investment. Mr. Kreifels distributed the draft to members of the organization, and more than a dozen treasurers signed it. The last letter. The Labor Department has yet to decide whether to implement the rule.
This year, treasurers targeted the Office of the Comptroller of the Currency. After the agency proposed a rule requiring banks to consider climate-related financial risk, Heritage Foundation executives sent Mr Kreifels and Mr Oaks a memo stating their objections. Within weeks, dozens of state treasurers and attorney generals from Republican-led states filed comment object to the proposed rule.
“This particular concern and attention to climate-related risks is not justified,” commented one reader.
And in May, Mr Kreifels held a call with treasurers to discuss regulations proposed by the Securities and Exchange Commission that would require companies to disclose climate risks to investors. invest. Featured guests were representatives of the American Petroleum Institute, the lobbying body of the fossil fuel industry.
The following month, the State Finance Officer Organization sent a 20-page document Letters signed by more than a dozen treasurers, called the SEC’s proposed rule, which has yet to be enacted, “irrational climate exceptionalism, elevating climate issues to a prominent place in the details.” revelations they don’t deserve.”