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Warren Urges Crackdown on Wall Street Over Climate Change

Senator Elizabeth Warren 

Senator Elizabeth Warren 

Photographer: Eric Lee/Bloomberg

Senator Elizabeth Warren accused the financial services industry of being a major contributor to climate change and urged U.S. regulators to hold it to account.

Warren, a Massachusetts Democrat, cited a study by the Sierra Club and the Center for American Progress, which shows that eight of the biggest U.S. banks and 10 of its largest asset managers combined to finance about 2 billion tons of carbon dioxide emissions. That’s about 1% less than what Russia produced.