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“It’s time that the U.S. government take the reins back from Wall Street”
Just days after he suggested the private sector, not government, will lead the fight against the climate crisis, 145 organizations sent a letter Tuesday urging U.S. Special Presidential Envoy for Climate John Kerry to use his position to help end “the flow of private finance from Wall Street to the industries driving climate change around the world—fossil fuels and forest-risk commodities.”
President Joe Biden’s selection of the former secretary of state as the first-ever White House climate envoy was met with mixed reactions from advocates, with critics such as Food & Water Action executive director Wenonah Hauter calling Kerry “a long-time apologist for fossil fuel fracking and a reliable promoter of false climate solutions like market-based carbon-trading schemes.”