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Like Ms Omarova, Ms Ruskin withdrew her nomination. “Sarah has been subjected to baseless attacks from industry and conservative interests,” Biden said in a statement.

Treasury ministers also set their sights on new federal regulations aimed at strengthening the government’s ability to tackle climate change.

Records show that late last year, the National Treasurer’s Foundation, in partnership with the Heritage Foundation, responded to the recommendations of the Financial Stability Oversight Board, a government panel that seeks to minimise risks to the financial sector to reduce the effects of climate change. threat.

Shortly thereafter, Mr. Oakes, the state treasurer of Utah, drafted a letter opposing the Labor Department’s rule that could allow retirement plans to consider global warming risks in their investment strategies. Mr. Kreifels circulated the draft to foundation members, and more than a dozen treasurers signed the draft last letter. The Department of Labor has not yet decided whether to implement the rule.

This year, treasurers took aim at the Office of the Comptroller of the Currency. After the agency proposed rules requiring banks to consider climate-related financial risks, Heritage Foundation executives sent a memo to Mr Kreefels and Mr Oakes outlining their objections.Within weeks, dozens of state treasurers and attorneys general from Republican-led states filed Notes Oppose the proposed rule.

“This particular attention and concern for climate-related risks is unjustified,” read one comment.

In May, Mr. Kreifels organized a conference call with treasurers to discuss SEC regulations requiring companies to publicly disclose climate risks to investors. The special guest was a representative of the American Petroleum Institute, the lobbying body for the fossil fuel industry.

Next month, the State Treasurer Foundation sent a 20-page letter Signed by more than a dozen treasurers, the proposed rule, which the SEC has not yet promulgated, is “irrational climate exceptionalism that elevates climate issues to a prominence that they shouldn’t disclose.”



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