In a letter to Yellen viewed by Reuters, Democratic Senators Elizabeth Warren, Sheldon Whitehouse and Edward Markey criticized the work done by John Morton, Yellen’s first climate counselor. Morton stepped down in December and returned to the private sector.
The senators said nearly two years had passed since Treasury created a “Climate Hub” and named Morton to coordinate its strategies, but the results have been disappointing.
Yellen has not yet named a replacement for Morton, although Treasury has dozens of people working on climate-related issues, including some in key senior positions.
Treasury spokesperson Julia Krieger underscored the key role the department and the Climate Hub had played on climate issues, including through passage of the Inflation Reduction Act’s clean energy tax incentives, its work to better understand climate-related financial risks and international efforts.
“Treasury has been central to delivering on the Biden Administration’s…
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