By Martin Krutsinger, AP Economic Writer, NTV
WASHINGTON (AP) — U.S. Treasury Secretary Janet Yellen says she will lead an effort by top U.S. regulators to assess the potential risk that climate change poses to America’s financial system, part of a wide-ranging initiative launched by the Biden administration.
Yellen says the regulatory review, which will be done by the Financial Stability Oversight Council, will examine whether banks and other lending institutions are properly assessing the risks to financial stability. She chairs the committee, which includes Treasury, the Federal Reserve, the Securities and Exchange Commission and other financial regulators. Read more here.
MIDWEST ENERGY NEWS SERIES
Faulty equipment, poor training are main factors in Illinois coal mining death
When people die in Illinois coal mines, faulty equipment and lack of safety protocols are most often cited by federal investigators, and experts say economic challenges will create pressure to cut corners.
A small price to pay: Illinois mines routinely appeal safety penalties
Federal mine safety inspections are the main safeguard to prevent accidents and deaths in an inherently dangerous industry, but critics say the fines for safety violations are low, and companies regularly get them reduced.
For generations of Illinois coal mining families, risk is part of everyday life
In parts of downstate Illinois, coal mining is deeply ingrained in families and communities. But it has taken a deep toll on some.
About the Author
Kari Lydersen has written for Midwest Energy News since January 2011. She is an author and journalist who worked for the Washington Post’s Midwest bureau from 1997 through 2009. Her work has also appeared in the New York Times, Chicago News Cooperative, Chicago Reader and other publications. Kari covers Illinois, Wisconsin and Indiana as well as environmental justice topics.
Nebraska Public Power Utilities Make Progress In Restoring Power In Wake Of Storms, by Paul Ciampoli, American Public Power Association
Public power utilities in Nebraska continued to make progress over the weekend in restoring power to customers in the wake of outages caused by severe storms that hit the state. A storm that hit on the night of Friday, July 9, damaged transmission structures as well as local distribution structures in several communities and crews from across the state were called to help restore power as quickly and safely as possible, Nebraska Public Power District (NPDD) reported.