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Treasury Secretary Janet Yellen contended on Tuesday that climate change may lead to “declines in asset values” and warned that a “delayed and disorderly transition” to renewable energy sources could harm the financial system.
Treasury Secretary Janet Yellen contended on Tuesday that climate change may lead to “declines in asset values” and warned that a “delayed and disorderly transition” to renewable energy sources could harm the financial system.
 
European banks have conducted stress tests complete with backup generators and dimmed lights to determine whether their operations will be impacted by energy rationing, according to a Wednesday report from Reuters.
European banks have conducted stress tests complete with backup generators and dimmed lights to determine whether their operations will be impacted by energy rationing, according to a Wednesday report from Reuters.
 
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