Treasury-Led Watchdog Scraps Climate Advisory Panels
Treasury Secretary Scott Bessent attends a press conference in Stockholm, Sweden, on July 29, 2025. Magnus Lejhall/TT News Agency/via Reuters The U.S. Financial Stability Oversight Council (FSOC), chaired by Treasury Secretary Scott Bessent, voted this week to disband two panels devoted to assessing climate-related risks to the financial system, marking a sharp departure from the