Sarah Bloom Raskin, the White House’s nominee to be vice chair for supervision at the Federal Reserve, faces increasing headwinds due to her past public statements on climate change. Raskin’s confirmation path is expected to be contentious this month as Republicans and business groups have raised concerns about her past statements that advocated for using financial regulations to defund the fossil fuel industry. A Harvard-trained lawyer Raskin was formerly a member of the Federal Reserve Board. She is currently a professor at Duke University School of Law and one of the classes she teaches is “Climate Change and Financial Markets.” Raskin was a key contributor in 2020 to a report by Ceres (pdf), an advocacy group that has listed more than 50 recommendations for financial regulators to protect the U.S. economy from climate-related shocks. The report outlines how and why financial regulators, who are responsible for protecting the stability and competitiveness of the …