Bearish About Global Warming

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Reuters reports that a group of investors, state officials, and environmental advocates have filed a petition urging the U.S. Securities and Exchange Commission to force publicly-traded companies to disclose the “risks and benefits” they face as a result of global warming (of course, all prefer the more expansive and friendly-sounding phrase “climate change”).

“Companies’ financial condition increasingly depends upon their ability to avoid climate risk,” reads the petition, signed by 22 officials and groups, representing $1.5 trillion in assets. The upshot is that in covering their assets, investors may force the corporate world generally to be more forthright about the coming “endless summer.”

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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