Historically the federal government has done very little to push banks to address climate risk in the financial system. The last major wave of environmental legislation passed in the 1960s and 1970s, when banks were nowhere near as big as they are now.
Prodded into action by a growing grass-roots environmental movement, Congress passed several pieces of momentous environmental legislation in the 1970s. Lawmakers enacted the Clean Air Act in 1970, with the Clean Water Act following in 1972.
Publisher: Washington Post
Date: 2023-05-31T12:00:45.168Z
Twitter: @WashingtonPost
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