The Sarah Bloom Raskin debacle is another strike to Biden’s climate agenda.
By Emily Pontecorvo, Grist
The remaining paths for the Biden administration to usher in a new era of federal climate action are crumbling. The president’s signature climate legislation to fund clean energy, the Build Back Better Act, has been held up in the Senate for months. The Supreme Court is expected to curtail the Environmental Protection Agency’s power to regulate greenhouse gas emissions. And now, Sarah Bloom Raskin, a nominee to the Federal Reserve Board who aimed to prevent a climate change–fueled financial crisis, has been forced to withdraw.
On Monday, Senator Joe Manchin of West Virginia announced that he would not vote in favor of confirming Raskin as the Federal Reserve’s vice chair for supervision. With Raskin receiving zero support from Republicans, and Manchin representing the crucial 50th Democratic vote in the Senate, the announcement torpedoed her nomination. The reason? Manchin was worried Raskin had it in for the fossil fuel industry.
“Her previous public statements have failed to satisfactorily address my concerns about the critical importance of financing an all-of-the-above energy policy to meet our nation’s critical energy needs,” Manchin said in a statement.
Recent Posts
Donald Trump Is Advertising Genocide As A Business Opportunity
Take Action Now The U.S. president is still trying to sell the world on the destruction of Gaza.By Edward Hunt, Foreign Policy in Focus Among all…
The FBI Sought Search Warrants For Columbia Students’ Social Media
Take Action Now New court documents reveal how the feds tried to unmask the Columbia students — and got blocked by federal judges on First Amendment…
Greta Thunberg Speaks From Aid Ship Heading To Gaza Despite Israeli Threats: It’s My Moral Obligation
Take Action Now “We cannot have climate justice without social justice. The reason why I am a climate activist is not because I want to protect…
Democratic Party Leaders Just Met For The First Time In Months. When Will They Take Real Action?
Take Action Now Countless Americans want the party leadership to stand up for democracy. Instead, the executive committee remains in a bubbleBy…