Sector Regulation Sector Regulation

EU’s climate-friendly investment taxonomy elicits US Treasury concerns

By Neil Roland
  • 15 Jul 2021 12:56
  • 15 Jul 2021 12:56
The US Treasury Department has worries about a “straitjacket” approach in the EU’s technical screening criteria for an environment-friendly classification system of sustainable investments and economic activities, said John Morton, climate counselor to Treasury Secretary Janet Yellen.

“We applaud the effort,” he said at a webinar* last week. “We have some concerns about

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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