There is no doubt that the fossil fuel industry is carrying on its books trillions of dollars of proven reserves and there is no doubt that the scientific reality of fossil fuel-induced climate change calls into question their ability to economically extract these assets.
Foster highlights the financial risks of fossil fuel reserves due to climate change.
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Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.
In 2021, President Biden issued an Executive Order encouraging regulators to take steps to promote market competition across our economy.
Americans are better off when we have options, and we should strive for a competitive marketplace for banks of all sizes.
I think the single-most useful thing that we in Congress could do is to establish a federally-recognized standard for presenting illegally-traceable identity.
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