Financial Stability Oversight Council Meeting on Climate
On Wednesday, March 31, Secretary Janet L. Yellen will preside over a meeting of the Financial Stability Oversight Council via videoconference. The agenda will include both an open and an executive session. The preliminary agenda for the open session includes climate change and its potential impacts on financial stability. The preliminary agenda for the executive session includes hedge fund activity and open-end mutual fund performance during the COVID-19 crisis.
A live webcast of the open session will be available at: https://www.treasury.gov/press-center/Video-Audio-Webcasts/Pages/Webcasts.aspx
Energy Expert Catherine Wolfram Joins Treasury Department As Climate Economist
Catherine Wolfram, a leading energy economist, has joined the Department of Treasury as the Deputy Assistant Secretary for Climate and Energy Economics in the Office of Economic Policy.
Wolfram is a professor at the University of California, Berkeley, who has done real-world research into the outcomes of policies such as rural electrification and weatherization assistance.
In 2019, Wolfram wrote sympathetically about the Green New Deal:“In general, though, I’m very sympathetic to the idea that the US government needs to do a lot more to address climate change, and the GND’s first steps aren’t totally whacky from an economics perspective. I hope Ocasio-Cortez and others succeed in mobilizing interest and putting climate change back in the political spotlight.”
She received her undergraduate degree from Harvard in 1989 and her Ph.D. in economics from MIT in 1996, and taught at Harvard before joining Berkeley.
From 2009 to 2018, she was the director of Berkeley’s Energy Institute, a utility and non-profit-funded research initiative.
In 2020, she became visiting faculty at Columbia University’s Center on Global Energy Policy, an initiative heavily financed by the oil and gas industry.
Biden Transition Packed With Climate Hawks
Even though the loser of the presidential election, Donald Trump, continues his quest for autogolpe, President-elect Joe Biden’s transition team is hard at work preparing his new administration. Among the hundreds of staff and volunteers comprising the agency review teams are dozens of climate hawks. These are people with significant experience in climate policy and politics. Some have careers rooted in environmental justice, while others are technologists.
Cabinet departments are listed in order of creation, an approximate reflection of their power and significance within the federal government. This post will be continually updated.
State (nominee: Tony Blinken)- Susan Biniaz, the lead climate lawyer and climate negotiator in the State Department from 1989 to 2017, and was central to the drafting of the Paris agreement. She is presently a senior fellow at the UN Foundation and lectures on international climate negotiations at Yale (her alma mater) and Columbia University (from which she received her law degree).
- Veteran diplomat Bathsheba Crocker, now a top official at the international humanitarian aid organization CARE, co-authored an open letter strongly criticizing Trump for abandoning the Paris accord. (Biden’s intended National Security Adviser Jake Sullivan was also a signatory.) In an interview last year, she described how climate change is increasing disasters and driving displacement and conflict.
Treasury (nominee: Janet Yellen)
- Andy Green, a U.S. Securities and Exchange Commission lawyer from 2014 to 2015 and a longtime counsel for U.S. Sen. Jeff Merkley (D-OR), worked on pricing climate risk while at the SEC. As a Center for American Progress fellow, he has been an outspoken advocate for ending the financing of carbon polluters.
- Marisa Lago, former Assistant Secretary for International Markets and Development, has experience with international climate finance as well as urban climate adaptation planning. Lago is presently the director of city planning for New York City, having held similar roles in the 1990s for Boston and New York City. Before joining the Obama administration, Lago was Global Head of Compliance for Citigroup after a similar role at the S.E.C. running the Office of International Affairs.
- Damon Silvers, long-time counsel and policy director for the AFL-CIO, has served on the board of Ceres for many years, advocating for labor’s interests in a green economy. He received his B.A., M.B.A., and J.D. from Harvard University and supported worker and divestment campaigns while a student there.
- Sharon Burke, Obama’s assistant secretary of defense for operational energy, is one of the leading climate hawks in U.S. foreign policy. In 2008, she organized a war game for U.S. military and diplomatic leadership on the climate crisis. She has recently served on review boards for the National Science Foundation, National Renewable Energy Laboratory, Oak Ridge National Laboratory, and the World Economic Forum in support of decarbonizing the global economy. She has published work on extreme weather and the environmental costs of war. She received her B.A. from Williams College and master’s degree from Columbia University.
- Prominent environmental law scholar Richard Lazarus, a Harvard Law professor. His most recent book, The Law of Five, reviews the landmark Massachusetts v. EPA Supreme Court case which affirmed that greenhouse emissions are pollution. He served as the executive director of the National Commission on the BP Deepwater Horizon Oil Spill and Future of Offshore Drilling. In 1992, he was part of Clinton’s transition team for the Environment and Natural Resources Division of the U.S. Department of Justice. In a recent interview, he stated, “There’s no greater problem that overwhelms us these days in environmental law than climate change.”
- Maggie Thomas is the political director at Evergreen Action, a climate advocacy group run by veterans of Jay Inslee’s presidential campaign. Thomas was climate policy advisor for the Elizabeth Warren campaign after Inslee’s campaign ended, where she was deputy climate director. She joined Inslee’s campaign from Tom Steyer’s NextGen America organization. She holds a B.S. in biology and environmental management from Trinity College and a masters in environmental management from the Yale School of Forestry and Environmental Studies.
- Kate Kelly served in the Obama administration as senior adviser to and communications director for Secretary of the Interior Sally Jewell. She is the director of public lands at the Center for American Progress. Previously, she was communications director for Sen. Arlen Spector (R-Penn.) She has written on how the United States can equitably abandon fossil-fuel extraction and embrace renewable energy development on public lands.
- Elizabeth Johnson Klein, an environmental attorney and former Deputy Assistant Secretary at Interior for Policy, Management & Budget during the Obama administration and served as assistant to the Secretary of the Interior in the Clinton administration. Klein is now the Deputy Director of the State Energy & Environmental Impact Center at NYU School of Law. For years she worked with Obama and Clinton Interior official David Hayes, the center’s director. She received her B.A. in economics from George Washington University and her JD from American University, where she was president of the Environmental Law Society. She has written on environmental justice and the dire need for climate leadership.
- Robert (Bob) Anderson is a legal scholar whose career has been focused on protecting Native American water rights and environmental protection. In 2016, he reviewed the Dakota Access Pipeline conflict, noting that “the colonial process is on full display.” (He also wryly noted, “One might think that a multi-state project to carry a toxic substance would require an extensive federal appraisal, safety, and permitting process. Not so here.”)
- Team lead Robert Bonnie, former U.S.D.A. Under Secretary for Natural Resources and Environment and Senior Advisor to Secretary of Agriculture Tom Vilsack for environment and climate change, is the co-author of the Climate 21 Project’s U.S.D.A. chapter, which lays out a comprehensive climate agenda for the agency. Now a scholar at Duke University’s environmental policy institute, Bonnie was formerly the vice president for land conservation for the Environmental Defense Fund. He has a master’s in environmental management from Duke and a B.A. from Harvard.
- Meryl Harrell, now the executive director at Southern Appalachian Wilderness Stewards, worked for Bonnie at the U.S.D.A. and was his co-author on the Climate 21 Project chapter. She has a B.A. in geoscience and environmental studies from Princeton and a J.D. from Yale Law School.
- Jonathan Coppess, former chief counsel for the Senate Agriculture Committee and administrator of the U.S.D.A. Farm Service Agency, has worked on biofuels programs including the Renewable Fuels Standard and biomass crops as well as several land, water, and soil conservation programs for farmers.
- Andrea Delgado is a co-founder of Green Latinos, a national Latino environmental justice organization. Currently the chief lobbyist for the United Farm Workers Foundation, she was previously legislative director of the Healthy Communities program at Earthjustice.
- John Padalino is the former administrator for USDA’s Rural Utilities Service, having also served as Chief of Staff to the Under Secretary for Rural Development to Acting Principal Deputy General Counsel in the department. He works on rural water and electric cooperatives and is now general counsel to Bandera Electric Cooperative, a rural Texas electricity provider that has been working on smart grids and solar deployment for its members.
- Jeffrey Prieto is a long-time Department of Justice environmental lawyer who helped set up its environmental justice division. He rose to general counsel at USDA during the Obama administration. He is presently general counsel for the Los Angeles Community College District.
- Karen Hyun, Ph.D. is the former Deputy Assistant Secretary for Fish and Wildlife and Parks at the Department of the Interior and was Interior Secretary John Bryson’s senior policy adviser on energy and environment issues. She is now Vice President for Coastal Conservation at the National Audubon Society. She has a Ph.D. in Marine Affairs at the University of Rhode Island M.S. and B.S. in Earth Systems from Stanford University.
- Kathryn Sullivan, Ph.D., former NOAA administrator. Both an oceanographer and astronaut, she is the only human to have both walked in space and visited the Challenger Deep. She served as NOAA’s chief scientist during the Clinton administration. She received her bachelor’s in earth sciences from U.C. Santa Cruz and her Ph.D. in geology from Dalhousie University. She has written on the urgency of the climate crisis and fought attempts by climate denier Rep. Lamar Smith (R-Texas) to hobble her agency.
- Political scientist Todd Tucker, director of governance studies at the Roosevelt Institute, author of The Green New Deal: A Ten-Year Window to Reshape International Economic Law. Tucker has a bachelor’s degree from George Washington University and a PhD from the University of Cambridge. He was the long time research director at Public Citizen.
- Kris Sarri, President and CEO, National Marine Sanctuary Foundation. She was a climate and oceans Senate staffer with Sen. Jack Reed (D-R.I.) from 2006 to 2010, and worked in the Obama administration as chief climate and oceans staff in the Commerce Department, and rose to senior positions at the Office of Management and Budget and Interior. An Ann Arbor native, she received her MS and MPH from the University of Michigan and BA from Washington University in St Louis.
- Dr. Sandra Whitehouse, oceanographer and marine policy expert who has studied the impacts of climate change on our oceans. She is a senior policy advisor for the Nature Conservancy and the wife of Sen. Sheldon Whitehouse (D-R.I.). Dr. Whitehouse holds a B.S. from Yale University and a Ph.D. in biological oceanography from the Graduate School of Oceanography at the University of Rhode Island. As her husband has done on the Senate floor, Dr. Whitehouse has raised the alarm about the crisis of climate pollution. “We are just beginning to understand the far-reaching impacts temperature change is having on ecosystems and wildlife. We are seeing the entire collapse of deep-sea ecosystems, and we don’t know what those ramifications are.”
Labor
- Josh Orton, senior policy advisor to climate champion Sen. Bernie Sanders (I-Vt.). As Orton said when Sanders unveiled his climate plan during his presidential campaign, “This threat is beyond ideology — it’s a question of life and death.”
Health and Human Services none
Housing and Urban Development none
Transportation
- Patty Monahan, lead commissioner on transportation for the California Energy Commission. Monahan has worked on clean transportation policy and advocacy for the Energy Foundation, the Union of Concerned Scientists, the Environmental Protection Agency, and Lawrence Berkeley National Laboratory. She received a B.S. in environmental studies from U.C. Berkeley and an M.S. from the Energy Analysis and Policy program of the University of Wisconsin. Monahan: “Climate Change was and remains the single biggest problem facing our world and energy is a major piece of the puzzle.”
- Dr. Austin Brown, executive director of the UC Davis Policy Institute for Energy, the Environment, and the Economy. Brown was the Assistant Director for Clean Energy and Transportation in the Obama White House’s Office of Science and Technology Policy. He has also worked in the Department of Energy and the National Renewable Energy Laboratory. He holds a B.S. in physics from Harvey Mudd College and a Ph.D. in biophysics from Stanford University. He is working towards a zero-carbon transportation sector.