Over a dozen Republican state treasurers sent a clear message to financial institutions Tuesday, threatening to pull their assets if they “de-bank” fossil fuel firms.

John Kerry, the Special Presidential Envoy for Climate, is leading the Biden administration to push banks to help reduce the carbon emission in the United States, according to Axios. This has also been criticized by the Senate Republican lawmakers on the Banking Committee. All the Republicans already sent a letter to stop pressuring banks to make energy-related lending commitments.

Continue reading…