A couple of days ago, every single Republican on the Senate Banking Committee opposed

the nomination of Sarah Bloom-Raskin to be Federal Reserve's top banking cop.

A alleged Democrat Joe Manchin also said he wouldn't support her.

Why?

Because she's somehow unqualified?

No, Ms. Raskin is actually deeply qualified, and she was deputy secretary of the Treasury

during the Obama administration.

As it turns out, the great and unforgivable sin is the fact that she holds the position,

which by the way is shared by most financial regulators and central banks in the United

States, that financial institutions must consider how, in her words, existing instruments

can be used to incentivize a rapid, orderly and just transition away from high emission

and biodiversity destroying investments.

In other words, we need to take climate change into account when figuring out how our economy

needs to change.

But such an idea is completely out of bounds as far as the fossil fuel industry is concerned

and its mascots in Congress.

A hundred percent of Republicans and one corporate Democrat in the Senate are bought and paid

for by that same industry.

The bottom line is that their greed makes them shortsighted, because apparently they

care more about taking money from big oil than the future of the human race.

And it blinds them to the fact that catastrophic climate change will make the world uninhabitable

not just for our children and grandchildren, but for theirs as well.

...