May 20, 2021


WASHINGTON, D.C.- Tom Quaadman, executive vice president, Center for Capital Markets Competitiveness, U.S. Chamber of Commerce issued the following statement today regarding President Biden’s climate finance executive order:

“The U.S. Chamber welcomes efforts from the Biden administration to address climate-related financial risks. This can be done through existing regulations, as some companies are already doing, or by writing new rules. Any new climate related financial regulatory actions must be measured, reflective of agencies' legal missions and buttressed by evidence based administrative processes. We trust that the administration will urge regulators to work closely with the private sector and all appropriate stakeholders in this important area.”