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This week, @SenWarren, @RepCartwright, & I introduced the #ClimateRiskDisclosureAct. This bill requires public companies to disclose information about their climate-related risks so that investors know what they are doing to prepare for the #ClimateCrisis.http://bit.ly/2LecqVc
Shareholders, economists, and the public all know that the #ClimateCrisis poses serious risks to our economic security. #SeaLevelRise threatens companies invested in assets located near the coast or waterways as the costs of flood insurance & property damage continue to rise.
Residents of Illinois 6th understand this too. Many of our businesses suffered economic hardship from #Flooding this year despite being located far from the coast. https://bit.ly/2XXpV1i pic.twitter.com/LabU7RAH8m
The risks from the #ClimateCrisis don’t end there – risks to food security, public health, and intense weather, must be accounted for and companies must disclose what they are doing to prepare.pic.twitter.com/t8jzJoaa10
Public corporations must take responsibility for the large financial risks posed by the impacts of climate change while embracing the economic opportunity of being global leaders in developing a #CleanEnergyEconomy.
Our bill utilizes market mechanisms to incentivize climate action by ensuring that corporations disclose the risks posed by climate action to the benefit of their shareholders and the public.
@Los_ANGELes2 you really do love to see it.
@kacialex you too.
@Envest_AM you see this?
I did not. Thanks for sharing!
Fantastic! Thank you!
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