Federal Reserve says it will leave climate change organization

Advertisement

Advertise with us

WASHINGTON (AP) — The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change. The Fed's membership has been criticized by Republicans in Congress.

Read this article for free:


or

Already have an account? Log in here »

To continue reading, please subscribe:

Subscribe and receive a limited-edition Free Press branded hat or tote.

Digital Subscription

One year of digital access for only $205*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles

*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.

To continue reading, please subscribe:

Add Free Press access to your Brandon Sun subscription for only an additional

$1 for the first 4 weeks*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles
Start now

*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.

Hey there, time traveller!
This article was published 17/01/2025 (592 days ago), so information in it may no longer be current.

WASHINGTON (AP) — The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change. The Fed’s membership has been criticized by Republicans in Congress.

In a short statement, the Fed said it had “appreciated” working with the Network of Central Banks and Supervisors for Greening the Financial System, the organization “has increasingly broadened in scope, covering a wider range of issues that are outside of the Board’s statutory mandate.”

Five of the Fed’s seven governors voted in favor of leaving the network, including Chair Jerome Powell. Governors Michael Barr and Adriana Kugler abstained.

FILE - The Marriner S. Eccles Federal Reserve Board Building in Washington, Nov. 18, 2024. (AP Photo/Jose Luis Magana, File)
FILE - The Marriner S. Eccles Federal Reserve Board Building in Washington, Nov. 18, 2024. (AP Photo/Jose Luis Magana, File)
Report Error Submit a Tip

More Stories

Naked man dies after jolt from police Taser

Scott Billeck 5 minute read Preview

Naked man dies after jolt from police Taser

Scott Billeck 5 minute read Updated: 6:49 PM CDT

A Transcona man says he was lucky to be awake early Sunday when, shortly after 4 a.m., a stranger smashed through his screen door and kicked in the front door of his home.

“It’s all I can think about, like what if I was sleeping?” said the man, whom the Free Press is not naming to protect his identity. “Being awake gave me just a couple of extra seconds to deal with him before he got his whole body in.”

He was sitting on his couch when he heard the glass shatter and saw someone trying to force his way inside.

“Glass flew in and this guy — he was a big guy — tried to climb through the screen door,” the man said. “I hopped off the couch and just remember screaming for help. Well, of course it’s four in the morning, so nobody’s going to help, right? I wasn’t thinking straight.”

Read
Updated: 6:49 PM CDT

Carney’s defence of Lake Ontario carries enormous weight

Niigaan Sinclair 5 minute read Preview

Carney’s defence of Lake Ontario carries enormous weight

Niigaan Sinclair 5 minute read Friday, Aug. 28, 2026

For centuries on Turtle Island (North America), explorers, map makers, and political leaders have erased Indigenous place names and substituted them — more often than not — with political, ethnocentric, and self-aggrandizing names.

In recent years, a few places on the continent have had Indigenous names re-established, but as of today, few of the original names are “official.”

So, it was no surprise when U.S. President Donald Trump on Thursday signed an executive order directing the U.S. Department of the Interior and Board on Geographic Names to take steps within 30 days to officially rename Lake Ontario as “Lake America.”

The move may have been a result of the Canada-U.S. trade war and Trump’s pettiness and ego, but it also fits in perfectly with his career.

Read
Friday, Aug. 28, 2026

Security guard in stable condition after grocery store assault

Scott Billeck 2 minute read Preview

Security guard in stable condition after grocery store assault

Scott Billeck 2 minute read Updated: Yesterday at 2:31 PM CDT

A security guard was taken to hospital after an assault at a Sargent Avenue FreshCo Friday, just days after another guard was stabbed during a robbery at a St. James Dollarama.

Read
Updated: Yesterday at 2:31 PM CDT

Security company rolling out Indigenous ambassador program

Chris Kitching 6 minute read Preview

Security company rolling out Indigenous ambassador program

Chris Kitching 6 minute read 5:53 PM CDT

A Winnipeg security firm has put an Indigenous community ambassador in a downtown Dollarama store, as companies and advocates seek new ways to build bridges and prevent trouble.

Impact Security owner Ron D’Errico said he is planning to expand the new program to additional retailers and communities, and hire up to 20 more ambassadors to work alongside his company’s security guards.

“Security companies need to be better. That’s just the nature of this industry,” he said. “We’re far gone from the days where we hire a guy to sit in a store or watch an empty building. We’re at an age now where people need to understand cultural sensitivity, roots of the problems, layers of why crimes happen and how to deal with challenges such as confrontation.”

D’Errico said the program is the first of its kind in Manitoba. It stems from a Feb. 28 incident where an Impact Security guard allegedly used brass knuckles while assaulting an Indigenous man at the Dollarama at 295 Portage Ave.

Read
5:53 PM CDT

Winnipeg police ID deceased man, notify family

Free Press staff 2 minute read Preview

Winnipeg police ID deceased man, notify family

Free Press staff 2 minute read Yesterday at 11:26 AM CDT

Winnipeg police have been able to notify next-of-kin about the death of a man found unresponsive on a city street in July.

The man was identified after police asked for the public’s help and issued a composite sketch and description of the unknown man on Friday.

On Sunday, police said his family has been notified and thanked the public. Additional details about the man were not released in order to respect the family’s privacy, police said.

The man died in hospital after being found unresponsive July 28 at the corner of Main Street and James Avenue in Winnipeg, and investigators’ previous efforts to identify him were unsuccessful.

Read
Yesterday at 11:26 AM CDT

School zones return Tuesday as lead-footed drivers risk steep fines

Maggie Macintosh 5 minute read Preview

School zones return Tuesday as lead-footed drivers risk steep fines

Maggie Macintosh 5 minute read 6:00 AM CDT

School crossing guards are preparing to resume their posts on busy corners across the Winnipeg School Division, but Luna Zúñiga isn’t one of them.

Zúñiga hung up her high-visibility vest about 30 months ago after she was struck by a motorist while escorting a child through a pedestrian crosswalk on Grant Avenue at Lanark Street.

Zúñiga protected the child, who wasn’t hurt, but the educational assistant at nearby J.B. Mitchell School suffered life-altering injuries, including nerve damage that limits her stamina, range of motion and makes her left leg “feel like it’s burning all the time.”

“I don’t know what needs to be done (to improve school-zone safety),” she said. “But I do know that when a six-year-old is crossing the street, a car needs to be fully stopped.”

Read
6:00 AM CDT