Warren Vows to Hold Wall Street Accountable for Climate Crisis

[IsailedawayfromFR]

Democratic presidential candidate Elizabeth Warren said she would hold Wall Street banks, asset managers and insurance companies accountable for their contributions to climate change.

In a plan released Sunday, entitled “Stop Wall Street From Financing the Climate Crisis,” Warren said climate change poses a risk to the economy through extreme weather events such as floods, hurricanes and wildfires.

She also cited research showing that it could cause up to $69 trillion in damages to the financial system by 2100 as investments in the fossil fuel industry “abruptly lose value as we transition to a clean economy, posing risks of financial crisis and destabilization.”

Warren said financial institutions and regulators haven’t taken steps to tackle “the existential threat of our time,” and have failed to address Wall Street’s role in financing the fossil-fuel industry.

“It’s clear that our entire financial system is in major danger from the climate crisis,” Warren said in a Medium post. “And yet, neither the largest U.S. financial institutions, nor the public watchdogs that are supposed to hold them accountable, have taken adequate steps to address Wall Street’s role in exacerbating the crisis.”

https://finance.yahoo.com/news/warren-vows-hold-wall-street-140000269.html

She is flailing, and badly.

[libertybele]

Democratic presidential candidate Elizabeth Warren said she would hold Wall Street banks, asset managers and insurance companies accountable for their contributions to climate change.

In a plan released Sunday, entitled “Stop Wall Street From Financing the Climate Crisis,” Warren said climate change poses a risk to the economy through extreme weather events such as floods, hurricanes and wildfires.

She also cited research showing that it could cause up to $69 trillion in damages to the financial system by 2100 as investments in the fossil fuel industry “abruptly lose value as we transition to a clean economy, posing risks of financial crisis and destabilization.”

Warren said financial institutions and regulators haven’t taken steps to tackle “the existential threat of our time,” and have failed to address Wall Street’s role in financing the fossil-fuel industry.

“It’s clear that our entire financial system is in major danger from the climate crisis,” Warren said in a Medium post. “And yet, neither the largest U.S. financial institutions, nor the public watchdogs that are supposed to hold them accountable, have taken adequate steps to address Wall Street’s role in exacerbating the crisis.”

https://finance.yahoo.com/news/warren-vows-hold-wall-street-140000269.html

She is flailing, and badly.

Gee Liz ... you pretty much spelled out all the reasons why I shouldn't vote for you!

[EdinVA]

$69 trillion in damages to the financial system by 2100

Does she just run around pulling this information out of her.... well.

She is a loony as I always suspected she was..

[mountaineer]

Does she just run around pulling this information out of her.... well.

Considering there is no climate crisis,  thus no damages ... yeah, her info comes from her lower GI tract.

[GtHawk]

Considering there is no climate crisis,  thus no damages ... yeah, her info comes from her lower GI tract.

Well I learn something every day, I always thought that Warren used a process similar to reading tea leaves, but what Warren does is read the patterns left on her shoes from the dog poop she steps in.

[libertybele]

Does she just run around pulling this information out of her.... well.

She is a loony as I always suspected she was..

Indeed. Another liberal mental midget, bat crap crazy loon.