Wall Street Bets Climate-Related Financial Regulation Coming Under Biden

"The president-elect has said he would require publicly traded companies to disclose emissions and financial risks associated with global warming."

"The White House may not be preparing to transition to a Biden administration, but Wall Street is.

While President Trump and other Republican leaders continue to dispute the election results, the financial sector is moving ahead with plans to begin the transition to a carbon-free economy and acknowledge a new administration that's eager to tackle the climate crisis.

Investors are increasingly putting their money into funds geared toward either excluding the fossil fuel industry entirely, or underweighting high-carbon companies in their mix."

Kristoffer Tigue reports for InsideClimate News November 20, 2020.


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Source: InsideClimate News, 11/20/2020