Yesterday in @FSCDems I spoke about the Climate Risk Disclosure Act I introduced with @SenatorWarren and @RepCartwright.
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"Do you believe that the qualitative & quantitative disclosures of climate risks required by the Climate Risk Disclosure Act, would be a meaningful improvement on the status quo for investors who care about climate risks?"pic.twitter.com/g9yCOebutx
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More than 200 of the world’s largest listed companies have forecast that climate change could cost them a combined total of almost $1 trillion, according to a report from the Carbon Disclosure Project.
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The bill would require public companies to disclose more information about their exposure to climate-related risks, which will help investors appropriately assess those risks and accelerate the transition from fossil fuels to cleaner and more sustainable energy sources.
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New conversation -
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Gosh, why not let free markets handle this ? Why does heavy-handed government need to step in ? If investors are concerned, they will lobby the Boards of Directors accordingly !! This is not rocket science to understand how our Founding principles still apply today...
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