From Jamal Raad, Evergreen Action <[email protected]>
Subject An unspoken risk of climate change
Date May 21, 2021 8:31 PM
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Friend,

President Biden just made history.

The executive order he just signed—which analyzes and mitigates the risks posed by the climate crisis to our financial system—is groundbreaking because it explicitly recognizes that climate change is incredibly hurtful to livelihoods: to your pension, to your small business loan, to your retirement fund, to saving for your children's education.

And this is the first time an American president has taken action to address these risks and the rickety fossil fuel corporations behind them, often an unspoken risk of climate change.

President Biden has directed every federal agency to take action now, so we're asking every agency department head, especially Treasury Secretary Janet Yellen to develop a big and bold plan to meet the moment. Add your name today to urge agency heads to mandate that fossil fuel corporations and financial institutions disclose and mitigate their climate-related risks.

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Fossil fuel corporations are large, unstable, and deeply intertwined with Wall Street. The fossil fuel industry's potential failure poses catastrophic risks to our economy.

As we rebuild in the wake of this pandemic, 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. President Biden's executive order is a clear-eyed acknowledgement of that reality.

This is about reining in Wall Street's recklessness. It's about protecting your and other workers' life savings. It's about preventing another financial crash. And it's about making the transition to the just, inclusive clean energy economy we know we can have.

Now we're calling on all department heads, including Treasury Secretary Yellen, to follow through and put the weight of their agencies, including the Treasury, behind this executive order. Sign our petition today to urge Secretary Yellen and other agency department heads to mandate that fossil fuel corporations and financial institutions disclose and mitigate their climate-related risks.

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Thanks for making your voice heard with us,

Jamal Raad
Co-Founder and Executive Director, Evergreen Action

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