#ClimateChange is a source of financial risk—financial risk we simply CANNOT afford right now.
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Through rising sea levels, water shortages, resource scarcity & extreme weather patterns, climate change directly threatens valuable assets. Unchecked,
#ClimateChange will devalue & destroy fixed assets, stress agricultural yields & ultimately affect EVERY sector of our economyShow this thread
Without #ClimateActionNow, we will face exacerbated market volatility, eroded investor confidence & ultimately increased systematic risk in the wake of this pandemic.
My bills with @SenWarren & @SenSchatz will help address that risk while we work to get America back on its feet.
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Read my full letter to
@CFTC’s Climate-Related Market Risk Subcommittee Chair@Blitterman here
https://casten.house.gov/sites/casten.house.gov/files/2020-05-15%20%20CASTEN%20CFTC%20Climate%20Report%20Comment.pdf …pic.twitter.com/evP3OAVm8z
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