The EPA must enable MDIs to take the lead on climate lending

The U.S. financial system has overlooked the value that Black, brown and Indigenous-led households, businesses and financial institutions provide to the U.S. economy. Since 2000, we've lost $16 trillion in economic output due to discrimination against Black Americans alone. If we're not careful, this cycle will be perpetuated as our nation pursues a green economy that has the potential to usher in a clean environment, great jobs and financial opportunities for all. For this to be realized, Greenhouse Gas Reduction Fund resources must be directed to minority depository institutions (MDIs).

Read the full op-ed at AmericanBanker.com.