Friend,
"You reap what you sow." It's an old and well-known saying -- and one we're seeing play out with the U.S. financial system and climate change. Wall Street is actively investing in fossil fuels, which drive the climate crisis. And yet, the climate crisis presents a profound risk to our financial system and everyone who depends on it. It's a self-fulfilling prophecy that we must end -- and the federal government has the power to do so, using existing authority.
Download and read Evergreen's new memo today to learn how forward-looking economic policies can hold Wall Street accountable for financing the climate crisis and turn it into a tool to defeat climate change.
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The longer our government waits to take action on climate, the worse the outcomes will be for the stability of the financial sector, the security of our retirement savings, and the economic well-being of every American.
A climate-driven recession is an avoidable tragedy and one the next administration must take action to prevent. The ongoing pandemic-fueled recession is a warning: As we rebuild our economy, we have an obligation to avoid a climate-fueled recession by shifting our financial system away from risky fossil fuel investments once and for all.
If Joe Biden wins the presidency, simply returning to the pre-2016 status quo will not solve the 2021 climate crisis. The next president and Congress must use the levers of economic policy to drive Wall Street away from fossil fuel investments that threaten our financial system and everyone who relies on it.
That's why we put together this memo, as a policy roadmap for the next president and Congress to use and adopt and for supporters of bold climate policy like you, friend.
Download our new memo today to learn about the five key steps the government can take to stabilize our financial system in the face of the climate crisis.
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Thanks for reading,
Evergreen Policy Team
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