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Published 1 year ago

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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