Climate Poses Many Threats To U.S. Financial System & Natural Gas May Be Major Risk - HuffPost
Oct 22, 2021 1 min, 24 secs
financial system on many fronts, and the nation’s growing dependence on natural gas for heating and electricity requires particular scrutiny as regulators scramble to catch up on the threat.

That’s the conclusion of a landmark report from the Financial Stability Oversight Council, the federal entity established after the Great Recession to guard against future economic disasters.

It marks the first time the council has deemed climate change an “emerging threat” to the U.S.

Of course we are,” a senior administration official on the council, who declined to be named on the record, said on a press call.

Financial contagion could spread from the physical wounds of climate change.

Another threat could come from the solution to climate change itself.

“A thorough assessment of the potential for stranded assets in these sectors should be a priority for financial institutions in their risk management processes and a component of a regulatory scenario analysis,” the report states.

The report, which President Joe Biden called for in an executive order this spring, is “unprecedented” and “sends a strong signal to industry, to Wall Street, that regulators are waking up to this issue and taking it seriously,” said David Arkush, the managing director of the climate program at the consumer watchdog Public Citizen.

“This report makes it clear that financial regulators understand the need for action to ensure that the climate crisis doesn’t cause the next financial crisis,” he said in an emailed statement

financial regulators are only beginning this process now, when the number of billion-dollar weather disasters increases each year and United Nations scientists say the emissions crisis has reached a “code red” level, the senior administration official said: “I reject that conclusion.”

1. How COVID shots for kids help prevent dangerous new variants -
Nov 24, 2021 # health 1 min, 16 secs
2. Thanksgiving Thursday top plays: Raiders-Cowboys, Bills-Saints, Bears edge Lions -
Nov 25, 2021 # politics 1 min, 36 secs
3. Chris Daughtry's wife clears up 'homicide' rumors about daughter's death - Fox News
Nov 20, 2021 # entertainment 58 secs
4. Candace Cameron Bure says Hallmark's diversity 'definitely' improved - INSIDER
Nov 27, 2021 # entertainment 18 secs
5. 'Black Friday' drags through November amid tight U.S. inventories - Reuters
Nov 23, 2021 # politics 41 secs
6. Jury begins deliberations in Ahmaud Arbery murder trial after prosecutor delivers final rebuttal - CNN
Nov 23, 2021 # politics 2 mins, 24 secs
7. Mass Effect’s Rumored TV Show Criticized by Former BioWare Lead Writer, and He Has a Point - Wccftech
Nov 26, 2021 # technology 51 secs
8. Diabetes type 2: Best diet for lowering rising blood sugars says new study – what to eat - Daily Express
Nov 26, 2021 # health 46 secs
9. Twenty-seven migrants perish trying to cross Channel to Britain - Reuters
Nov 25, 2021 # politics 48 secs
10. An Original Seiko ‘Apple Watch’ From 1988 Is up for Auction - Gizmodo
Nov 22, 2021 # technology 45 secs
11. Joe Biden may have to 'pony up some dough' for 'libelous' comments about Kyle Rittenhouse: Jesse Watters - Fox News
Nov 24, 2021 # politics 1 min, 30 secs
12. The childhood phones that broke our hearts
Nov 25, 2021 # breaking 1 min, 26 secs
13. Outcry after Kyle Rittenhouse sits down with Tucker Carlson for Fox News interview - The Guardian
Nov 22, 2021 # politics 59 secs
14. 35 Of The Most Problematic, Offensive, And Out-Of-Pocket Moments From "America's Next Top Model"
Nov 25, 2021 # breaking 3 secs
15. The Arctic Ocean began warming decades earlier than previously thought, new research shows - CNN
Nov 24, 2021 # science 1 min, 7 secs
16. Major study undercuts Biden explanation for surge in illegal immigration
Nov 23, 2021 # breaking 1 min, 55 secs


Get monthly updates and free resources.


© Copyright 2021 365NEWSX - All RIGHTS RESERVED