Kerry says Biden poised to issue executive order to force banks and investors to reveal climate

[Yo_Mama_Been_Loggin]

exposure

President Joe Biden is set to issue an executive order on climate disclosure within capital markets, a move that could shift investments overall with implications for the fossil-fuel and renewables sectors, according to U.S. climate envoy John Kerry.

“President Biden is poised to issue an executive order that will require disclosure,” Kerry said at an International Monetary Fund event Wednesday. “It’s going to change allocation of capital. Suddenly people are going to be making evaluations considering long-term risk to the investment based on the climate crisis.”

Kerry made the comments after IMF Managing Director Kristalina Georgieva said private capital is already shifting in favor of less climate-risky investments. Kerry didn’t give further details about the potential order or name impacted companies.

The White House has not offered further details on such an order.

https://www.msn.com/en-us/money/markets/kerry-says-biden-poised-to-issue-executive-order-to-force-banks-and-investors-to-reveal-climate-exposure/ar-BB1fp6WR

[Botany]

1. Go big or go home.

In the last few days Joe has worked on guns, the Supreme Court, infrastructure, C-19,
and now climate change.

[Diamond_Dog]

2. He is doing a FABULOUS job!

He’s got a lot of damage to fix, thanks to right wing screwups.