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For Immediate Release

Press Release

350.org on Brainard Signaling Possible Fed Climate Risk Assessment

WASHINGTON -

United States Federal Reserve Governor Lael Brainard said the central bank is developing climate stress tests to determine big bank’s exposure to climate-related financial risks. Brainard also recommended the Federal Reserve provide guidance to encourage banks to curb their exposures.

350.org Head of Finance Campaigns Brett Fleishman said in response:

"The leadership is there, ready to go. Between Lael Brainard, Lisa Cook, and Sarah Bloom Raskin, President Biden has the team to do the job. Managing climate risk is arguably the most important thing facing the Federal Reserve. Powell’s time is up: under his watch the Fed has bankrolled fossil fuels to the tune of over US$828 million. All Biden has to do now is ask Fed Chair Powell to step aside."

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350 is building a future that's just, prosperous, equitable and safe from the effects of the climate crisis. We're an international movement of ordinary people working to end the age of fossil fuels and build a world of community-led renewable energy for all.

Omar Hangs Up After Boebert Uses Call to Double Down on 'Outright Bigotry and Hate'

"Instead of apologizing for her Islamophobic comments and fabricated lies, Rep. Boebert refused to publicly acknowledge her hurtful and dangerous comments."

Jessica Corbett ·


Win for Alabama Workers as NLRB Orders New Union Vote After Amazon's Alleged Misconduct

A union leader said the decision confirmed that "Amazon's intimidation and interference prevented workers from having a fair say in whether they wanted a union in their workplace."

Jessica Corbett ·


'For the Sake of Peace,' Anti-War Groups Demand Biden Return to Nuclear Deal With Iran

"It's time to put differences aside and return to the Iran nuclear deal," said one advocate.

Julia Conley ·


'That's for Them to Decide': UK Secretary Rebuked for Claiming Vaccine Patent Waiver Won't Be 'Helpful' to Global Poor

One U.K. lawmaker asked when the government would "start putting the need to end this pandemic in front of the financial interests of Big Pharma?"

Andrea Germanos ·


Shell Slammed for Plan to Blast South African Coastline for Oil and Gas During Whale Season

"We cannot allow climate criminals, like Shell, to plunder in the name of greed," said Greenpeace.

Kenny Stancil ·

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