U.S. Treasury’s “Climate Hub” (on the road to serfdom) – Watts Up With That?

From master’s degreeResource

By Robert Bradley Jr. — April 1, 2022

“Consistent with President Biden’s whole-of-government approach to climate change, Treasury will work with other stakeholders, including the National Climate Task Force and other agencies and regulators.”

“Treasury will focus on the broad range of its climate-related policy work related to 1) financing the climate transition, 2) climate-related economic and fiscal policy, and 3) related financial risks. with the weather… Treasury is also creating a new Climate Center and appointing a Climate Advisor to coordinate and lead many of its efforts to address climate change.”

This 788-word press release below speaks for itself. An intellectual/political elite is ready to take over the ‘command points’ of the US energy industries, as is the case in the UK and the EU.

It was once said that “war is the health of the state”. In our time, climate change policy (Al Gore’s ‘central organizing principle’) is the health of the state at home and abroad. Economic freedom hangs in the balance with the commoners fighting the elite.

Make no mistake: Washington, DC’s recent “drill, baby, drill” (represented by DOE Secretary Granholm at CERAWeek22) is a showcase. “We are going to get rid of fossil fuels,” Joe Biden himself declared without a script.

The climate alarmist agenda of the Biden puppeteers is hurtling to create what Milton Friedman once warned of, “the tyranny of the status quo.” Elections are drawing near and citizen-voters know Biden’s true agenda.

The press release from the US Department of the Treasury on April 19, 2021 is as follows:

WASHINGTON — Today, the US Treasury Department announced a coordinated climate policy strategy that:

Put the full force of the Department of the Treasury in formulating national and international policies, leveraging finance and mitigating financial risks to face the threat of climate change. These actions will position the economy for strong and sustainable growth consistent with a net zero emissions future.

To implement this strategy, Treasury will focus on the broad range of its climate-related policy work related to 1) financing the climate transition, 2) climate-related economic and fiscal policy, and 3) climate-related financial risks. As part of this strategy, Treasury is also creating a new Climate Center and appointing a Climate Advisor to coordinate and lead many of its efforts to address climate change.

Treasury’s unique responsibilities for leading a variety of climate change-related programs, including economic, financial sector, and government policies, will be reflected in the expanded climate strategy work program. The Treasury Climate Center will coordinate and enhance existing climate-related activities by leveraging tools, capabilities, and experience from across the Department, including National Finance, Economic Policy, International Affairs, and Fiscal Policy. With a view of all of Treasury’s climate initiatives, the Center will enable Treasury to move with agility and efficiency in prioritizing climate action.

The first Treasury Climate Advisor is John E. Morton, a recognized leader in the field of climate finance. Mr. Morton brings to Treasury more than 25 years of experience in emerging markets, investment finance, and economic and environmental policy. As Climate Advisor, you will lead the Climate Center, reporting directly to and advising the Secretary on a wide range of climate matters, with a particular focus on Treasury’s efforts to facilitate and unlock the financing needed for investments to achieve a net-zero economy in At home and abroad.

“Climate change presents new challenges and opportunities for the US economy. The dire consequences of our actions demand that the Treasury Department make climate change a top priority,” said Secretary Janet L. Yellen. “Climate change requires economy-wide investments by industry and government, as well as actions to measure and mitigate climate-related risks to households, businesses and our financial sector.

Finance and financial incentives will play a crucial role in addressing the climate crisis at home and abroad and in providing capital for opportunities to transform the economy. I look forward to working with John and our team to build on their experience and ensure Treasury is doing everything it can to respond to climate change while creating opportunities that strengthen our economy.”

Treasury’s climate policy strategy will support the critical climate-related goals of the Biden-Harris Administration by:

  • Mobilize financial resources for climate-friendly investments at home and abroad, and prioritize the accelerated transition of high-emitting sectors and industries;
  • Leverage economic and fiscal policies to support the construction of climate-resilient infrastructure and ensure the transition to a net-zero decarbonized economy;
  • Ensure that environmental justice considerations are at the center of programs, policies, and activities given the disproportionate impacts that climate change has on disadvantaged communities;
  • Ensuring that policies designed and implemented to help transition to a lower-carbon economy are fair and equitable overall and support good-paying jobs;
  • Help households, businesses, workers, and investors analyze, stay informed, and adapt to the economic and financial risks and opportunities associated with climate change;
  • Promote globally consistent approaches to climate-related financial risks; and
  • Understand and mitigate the risks that climate change poses to the stability of the US and the global economy and financial system.

In keeping with President Biden’s whole-of-government approach to climate change, the Treasury Department will work with other stakeholders, including the National Climate Task Force and other agencies and regulators. Department-wide efforts will support the engagement of the Secretary, senior officials and staff in related independent processes, including the Financial Stability Oversight Board.

Appendix: John E. Morton, ‘Climate Advisor’

This description from the leader of the Treasury effort, John Morton, follows. An elitist/statist who is:

John E. Morton was recently a partner at Pollination, a firm specializing in climate change advisory and investment. Morton was a Presidential Appointee in the Obama Administration and served as the White House Senior Director for Energy and Climate Change at the National Security Council. In this role, he had overall responsibility for coordinating the Obama administration’s policies and strategies on international energy and climate change issues.

Previously in the Administration, he served for six years as Vice President of Investment Policy, Chief of Staff and Chief Operating Officer of Overseas Private Investment Corporation (OPIC). Prior to his government service, Morton was Managing Director for Economic Policy at The Pew Charitable Trusts and a private equity investor at the Global Environment Fund. He began his career as a strategy consultant at Mercer and in World Bank project management in environmental infrastructure sectors in the former Soviet Union.

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