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Biden directs US to mitigate financial risk from climate

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WASHINGTON – President Joe Biden is directing federal agencies to develop a comprehensive strategy to identify and manage financial risks to government and the private sector posed by climate change.

An executive order Biden issued Thursday calls for concrete steps to mitigate climate risks, while protecting workers’ life savings, spurring job creation and helping the United States lower greenhouse gas emissions that contribute to climate change.

New regulations could be issued on the banking, housing and agriculture sectors, among others. “Extreme weather related to climate change can disrupt entire supply chains and deprive communities of food, water or emergency supplies,″ the White House said in a statement Thursday Snowstorms can knock

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