Elizabeth Warren wants corporations to account for climate change
It’s Tuesday, September 18, and Elizabeth Warren wants corporations to ’fess up to their climate impacts.
Right now, public companies don’t have to say what kind of threat climate change poses to their business or whether they are contributing to the problem. We simply don’t know how much major corporations are to blame for the pickle we’re in. Massachusetts Senator Elizabeth Warren has a plan to change that.
On Friday, the possible 2020 presidential hopeful proposed the Climate Risk Disclosure Act. The legislation would compel companies to disclose a wide variety of climate-related information, such as greenhouse gas emissions, fossil fuel investments, and how things like rising sea levels and increased temperatures might affect their operations. If a publicly traded company is going to get hit hard by climate change and knows it, Warren thinks the public has a right to know. Kinda makes sense!
“Climate change is a real and present danger — and it will have an enormous effect on the value of company assets,” Warren said in a statement.
The act is co-sponsored by a slew of Democratic senators, including two other rumored presidential hopefuls, Kamala Harris of California and Cory Booker of New Jersey. Climate hawk Al Gore and a coalition of green groups have backed the legislation.
No Republicans have backed the act so far, and it’s pretty freakin’ unlikely that the GOP-controlled House and Senate will pass it. But the fact that 2020’s top Democratic hopefuls are behind this effort seems like a promising sign that the party is shifting toward prioritizing climate action.
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About 8 million miles from Hurricane Florence, Typhoon Mangkhut brought devastation to the Philippines and southern China. More than 70 people in the Philippines were reported dead, though that number is anticipated to rise. Dozens were buried in a landslide, which turned the northern town of Itogon in the Philippines into a muddy wreckage, and more than 40 bodies were pulled from a mud-filled gold miners’ bunkhouse, as The New York Times reports.
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