Gabby Brown, gabby.brown@sierraclub.org
WASHINGTON, D.C. -- Today, President-Elect Biden announced he will be nominating former chair of the Federal Reserve Janet Yellen as his Treasury Secretary.
In response, Senior Representative for Sierra Club’s Financial Advocacy Campaign, Ben Cushing, released the following statement:
“President-Elect Biden was voted in with an unprecedented mandate for climate action and has indicated that he will utilize the full power of the executive branch to tackle the crisis. Considering its profound influence over government spending, development finance, and risk assessment in the U.S. financial sector, the Treasury Department will be crucial in scaling real action on climate change in the U.S. and worldwide. The nomination of Janet Yellen is yet another encouraging sign that Biden’s administration will carry out his proposals, as we expect that she will move quickly to manage the decline of fossil fuels and deforestation-risk commodities in our economy and financial sector all while helping the country to build back better.
“The Sierra Club looks forward to working with Yellen to advance our priorities around climate finance, centering on ensuring that U.S. financial institutions zero out their climate impact, beginning with the mandatory disclosure of climate risk.”
About the Sierra Club
The Sierra Club is America’s largest and most influential grassroots environmental organization, with more than 3.5 million members and supporters. In addition to protecting every person's right to get outdoors and access the healing power of nature, the Sierra Club works to promote clean energy, safeguard the health of our communities, protect wildlife, and preserve our remaining wild places through grassroots activism, public education, lobbying, and legal action. For more information, visit www.sierraclub.org.