Democrats At The SEC Must Stop Delaying Climate Risk Proposal

In response to reports that The U.S. Securities and Exchange Commission (SEC) may be pushing back their timeline on a new rule that would require public disclosure of climate-related financial risk Evergreen Action Executive Director Jamal Raad released the following statement:

“It is absolutely unacceptable for the Securities and Exchange Commission to delay the rule-making process for climate risk disclosure any further. The financial impacts of climate-fueled disasters are already devastating communities and businesses across the country, and investors must be armed with the information they need to understand their own exposure to climate risk. Democrats at the SEC have a mandate to protect investors. To fulfill it, they must enact a strong disclosure rule, and they cannot allow the prospect of legal challenges by corporate lobbyists stand in the way. SEC leadership must move forward with the strongest rule proposal possible under their regulatory authority. They have no more time to waste.”