4/19, 7:56 PM (Source: TeleTrader)
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Treasury names John Morton new climate czar

The United States Treasury Department announced on Monday it named climate change financial advisor John Morton its climate czar, a position that will report directly to Secretary Janet Yellen.

Morton previously served in the Obama administration as a senior director for energy and climate change on the National Security Council.

The so-called Treasury Climate Hub's policy will consist of "leveraging finance and financial risk mitigation to confront the threat of climate change. These actions will position the economy for strong and sustainable growth consistent with a net-zero emissions future."

Breaking the News / JC