For Immediate Release

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Sierra Club Statement on President-Elect Biden’s Nomination of Janet Yellen for Treasury Secretary

WASHINGTON - Today, President-Elect Biden announced he will be nominating former chair of the Federal Reserve Janet Yellen as his Treasury Secretary. 

In response, Senior Representative for Sierra Club’s Financial Advocacy Campaign, Ben Cushing, released the following statement:  

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“President-Elect Biden was voted in with an unprecedented mandate for climate action and has indicated that he will utilize the full power of the executive branch to tackle the crisis. Considering its profound influence over government spending, development finance, and risk assessment in the U.S. financial sector, the Treasury Department will be crucial in scaling real action on climate change in the U.S. and worldwide. The nomination of Janet Yellen is yet another encouraging sign that Biden’s administration will carry out his proposals, as we expect that she will move quickly to manage the decline of fossil fuels and deforestation-risk commodities in our economy and financial sector all while helping the country to build back better. 

“The Sierra Club looks forward to working with Yellen to advance our priorities around climate finance, centering on ensuring that U.S. financial institutions zero out their climate impact, beginning with the mandatory disclosure of climate risk.”

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The Sierra Club is the oldest and largest grassroots environmental organization in the United States. It was founded on May 28, 1892 in San Francisco, California by the well-known conservationist and preservationist John Muir, who became its first president. The Sierra Club has hundreds of thousands of members in chapters located throughout the US, and is affiliated with Sierra Club Canada.

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