Some banks want to make 30 year investments without considering climate change. We talk with an expert about the risks that banks and investors take if they do not have full disclosure of the implication of climate change on an investment. Those risks are so large, they threaten the entire financial system.
The reading list:
- Ceres' June 2020 report on systemic risk
- The Climate Minute on small actions to address a big risk, from November 2020
- The Climate Minute asks "Will Climate change topple your bank?" in October 2020
- Ceres' April 2021 report "Turning up the heat"
Because we recognize the necessity of personal accountability for our actions, because we accept responsibility for a building a durable future and because we believe it is our patriotic duty as citizens to speak out, we must insist the United States transform it’s energy sector, over the next decade, under a just and equitable plan, that uses regulations, investments and a price on carbon to safeguard our collective future.
Thanks for listening.