Trump’s would-be protectors of America’s money pretend a heating planet won’t set that money on fire. But it’s already burned trillions of dollars, losses that will increasingly be permanent. It’s financial malpractice.

From Bloomberg (gift link above):

“Former Federal Reserve Governor Kevin Warsh, Trump’s choice to run the central bank after Jerome Powell, has said the Fed should [ignore climate change](https://insideclimatenews.org/news/30012026/trumps-pick-to-lead-the-federal-reserve-could-steer-bank-away-from-climate-change/), dismissing concern about it as a ‘bandwagon’ that is ‘fashionable’ and ‘fleeting.’ He also called it ‘[contraband](https://greencentralbanking.com/2026/02/04/kevin-warsh-gives-china-a-green-finance-edge/),’ which, in my opinion as a professional English user, is not a proper use of that word because it isn’t illegal to care about climate. For now, anyway.

“And Treasury Secretary Scott Bessent recently called climate change an issue that had ‘[no clear nexus](https://home.treasury.gov/news/press-releases/sb0388) to safety and soundness’ for banks. In a [congressional hearing](https://www.bloomberg.com/news/live-blog/2026-02-04/bessent-testifies-to-house-panel-live-updates) last week, he sniffed that the Financial Stability Oversight Council’s work on climate ‘has been discredited.’

“The only thing discredited at this point is that kind of rhetoric.”