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From Demanding Accountability To Nightmare In 9 Months
At the end of 2019, I wrote about the pressing need to create standards to calculate and disclose systemic climate risks faced by corporate and financial America.
In September 2020, the federal Commodities Future Trading Commission Market Risk Advisory Committee warned that the climate crisis poses "serious emerging risks" to the U.S. financial system and the overall economy.
Now, Mindy Lubber, the head of a much-respected climate investment group with decades of experience in the corporate and financial realms writes in Forbes, "What the CFTC calls a "systemic risk" I call a nightmare."
What happened? Let's look back.