Finance

Biden Poised to Issue Order on Climate Disclosures, Kerry Says

President Joe Biden speaks in Washington, D.C., on April 7. — President Joe Biden speaks in Washington, D.C., on April 7.
Photographer: Leigh Vogel/UPI/Bloomberg

April 7, 2021, 6:41 PM UTCUpdated onApril 7, 2021, 8:54 PM UTC

President Joe Biden is set to issue an executive order on climate disclosure that could shift investments, according to U.S. climate envoy John Kerry.

“President Biden is poised to issue an executive order that will require disclosure,” Kerry said at an International Monetary Fund event Wednesday. “It’s going to change allocation of capital. Suddenly people are going to be making evaluations considering long-term risk to the investment based on the climate crisis.”