September 02, 2021

Warren, Van Hollen, Gillibrand Release Treasury Climate Hub Response on Combating the Climate Crisis

Response Letter from Treasury (PDF)

Washington, DC - United States Senator Elizabeth Warren (D-Mass.) issued the following statement following the Department of Treasury’s response to an earlier letter in which Senators Warren, Kirsten Gillibrand (D-N.Y.), and Chris Van Hollen (D-Md.) urged John Morton – the first Climate Counselor at the U.S. Department of the Treasury’s new Climate Hub – to take swift and aggressive action to tackle the climate crisis.

“I'm glad that the Climate Hub is working to integrate climate action into the Treasury's work and to implement President Biden's recent Executive Order on climate-related financial risk, but there's no time to nibble around the edges: Counselor Morton must use all of his tools to align our banking and financial regulators on a bold agenda to confront the threat climate change poses to our financial system, economy, and environment. I look forward to working with Counselor Morton in order to ensure that the Climate Hub is doing everything it can to fight the climate crisis,” Senator Warren said

Combatting the climate crisis is one of Senator Warren's highest priorities:

  • Senator Warren has been calling for mandatory climate-related risk disclosures. On April 15, 2021, she and Representative Sean Casten (D-Ill.) reintroduced the Climate Risk Disclosure Act of 2021 which would reduce the chances of environmental and financial catastrophe by requiring public companies to disclose more information about their exposure to climate-related risks.

  • On May 27, 2021, Senator Warren and Congressman Andy Levin (D-Mich.) introduced the Buy Green Act to use the purchasing power of U.S. federal procurement to help fight the climate crisis, spur innovation, and boost demand for American-made clean energy products at home and in the rapidly-growing markets for green products abroad.

  • On March 18, 2021, Senator Warren unveiled the BUILD GREEN Infrastructure and Jobs Act which would invest $500 billion over ten years in state, local, and tribal projects to jumpstart the transition to all-electric public vehicles and rail and help modernize the nation's crumbling infrastructure.  

  • On May 27, 2021, Senator Warren and Congressman Andy Levin (D-Mich.) introduced the National Institutes of Clean Energy Act of 2021, legislation that would invest $400 billion over the next ten years to establish and operate a new system of institutes at the Department of Energy dedicated to research and development (R&D) of advanced clean energy technologies.