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
Federal Judge Sides With Journalists, Protesters in Chicago Over Violent Tactics of Trump’s Federal Agents
Take Action Now “Individuals are allowed to protest,” the judge said. “They are allowed to speak. That is guaranteed by the First Amendment to our…
First Ceasefire, Then Palestinian Liberation
Take Action Now Trump’s deal does nothing to address the root cause of injustice: Israel’s brutal military rule and oppression of Palestinians.By…
A Movement-Based Opposition To Trump And MAGA
Take Action Now In the absence of adequate resistance in the electoral arena, an alliance of popular movements is functioning as the primary…
‘I’m Terrified I’ll Die’: Bernie Sanders Unveils Report On Healthcare Devastation Looming For American Families
Take Action Now The Sanders report concludes by not only vowing to reverse the Republican healthcare cuts, but to “work to end the international…