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Reps. Tlaib, Pressley, and Sen. Markey introduce legislation to require big banks to manage climate risk and stop financing fossil fuel projects

Summary by Ground News
U.S. Rep. Rashida Tlaib, Sen. Edward Markey and Rep. Ayanna Pressley reintroduced the Fossil Free Finance Act. The legislation would direct the Federal Reserve to stop financing projects and activities linked to increased greenhouse gas emissions. The bill would require banks to align financing with science-based emission targets.

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Reps. Tlaib, Pressley, and Sen. Markey introduce legislation to require big banks to manage climate risk and stop financing fossil fuel projects

U.S. Rep. Rashida Tlaib (D-12th District), along with Senator Edward Markey (D-Mass.) and Representative Ayanna Pressley (MA-07), reintroduced the Fossil Free Finance Act, legislation that would di…

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Press and Guide broke the news in on Friday, March 31, 2023.
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