Climate Politics
Trump Administration Scraps Oversight Groups on Climate and Financial Risk
The Financial Stability Oversight Council revoked the charters of two climate-focused committees formed under the Biden administration.
Scott Bessent, US treasury secretary, during an announcement at the White House on Sept. 5.
Photographer: Francis Chung/Politico/Bloomberg
The US Financial Stability Oversight Council voted on Wednesday to disband two committees focused on climate change’s impact on the economy and financial stability.
During a meeting at the US Treasury Department, the council voted to revoke the charters of the Climate-related Financial Risk Committee and Climate-related Financial Risk Advisory Committee, established during the Biden administration.