Three U.S. senators blasted the Treasury Department on Thursday for its failure to act more swiftly to counter climate risks, and urged Secretary Janet Yellen to appoint a new climate counselor to lead the effort.
A second Treasury official said the criticism of Morton was "frustrating and unfair," given his leadership on key initiatives, includingand in mobilizing capital for climate-friendly energy transitions around the world.
The second Treasury official, who was not authorized to speak publicly, said the independent agencies grouped under FSOC were taking action, but those steps followed prescribed processes. No Treasury climate counselor could speed up that work since the agencies were independent, the official said.
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