Senate Republicans launched a scorch-earth attack this week on Sarah Bloom Raskin , the White Houses nominee to be the Federal Reserve s vice chair of supervision, painting her as a radical for her widely shared view that climate change threatens the global economy.

Rather than voting no at Tuesdays planned vote on whether to advance Raskin and two other Fed nominees to the full Senate, the 12 Republicans on the Senate Banking Committee staged a boycott, denying the panels Democratic majority the quorum needed to take that procedural step.

On Wednesday, 10 more GOP senators called on the White House to withdraw Raskins nomination, describing her as an activist bent on manipulating markets in ways that will harm all Americans in a letter, a copy of which HuffPost obtained .

If confirmed, Raskin, 60, would become one of the worlds most powerful bank regulators. The role was created after the Great Recession to guard against future financial meltdowns, and though the financial industry largely welcomed the nomination of a seasoned and familiar regulator who previously served as deputy treasury secretary and on the Feds board of governors, its the oil and gas industry thats fueling the Republican assault.

Raskin, who is married to Rep. Jamie Raskin (D-Md.), entered the industrys crosshairs in March 2020, when, in testimony before the House Select Committee on the Climate Crisis, she called for new federal rules requiring investors to disclose the risk that climate change poses to assets. She then urged U.S. regulators to carry out the kind of climate stress tests models to determine how a financial institutions assets gain or lose value if, for example, a natural disaster upends supply chains or a government policy to cut emissions renders fossil fuel reserves worthless that the Bank of England and European Central Bank were already performing.

Two months later, she argued in a New York Times opinion piece that the money the Fed was spending to prop up fossil fuel companies amid the pandemic not only misdirects limited recovery resources but also sends a false price signal to investors about where capital needs to be allocated.

She effectively argued for taking a U-turn on the Trump-era policy. Instead of favoring fossil fuel companies in loans from the Fed, boost energy companies that decarbonize their operations.