Biden Treasury Department to work to develop a CO2 tax and to pressure banks not to lend to fossil fuel companies.https://t.co/HiuEjeXPWL
— Steve Milloy (@JunkScience) January 19, 2021
WASHINGTON (Reuters) – Janet Yellen, U.S. President-elect Joe Biden’s nominee for Treasury Secretary, on Tuesday called climate change an “existential threat” to the U.S. economy and said she would appoint a senior official at Treasury to oversee the issue.
“I will look to appoint someone at a very senior level to lead our efforts,” Yellen told members of the Senate Finance Committee. She said doing so would create a hub within Treasury that would focus on financial system-related risk posed by climate change, and tax policy incentives to affect change.
“We need to seriously look at assessing the risk to the financial system from climate change,” Yellen said.
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Many banks say they won't lend to "fossil fuel companies." But all companies use energy, and all energy uses fossil fuels–especially oil for mining+transport, and gas/coal for backing up solar/wind. Banks are therefore encouraging companies to lie about not using fossil fuels.
— Alex Epstein (@AlexEpstein) January 20, 2021
For more truths about energy, including the lie by @Apple and others that they're off fossil fuels, go here: https://t.co/AxC8oId0Ey
— Alex Epstein (@AlexEpstein) January 20, 2021
Cannot print $ without fossil fuels
— Steve Warnar (@WarnarSteve) January 20, 2021
