Friend — The financial risks of climate change are substantial. Just last year, the 20 worst severe weather events in the U.S, including wildfires, heat waves, and hurricanes, caused $145 billion in damages.

Bottom line: allowing these companies to ignore climate change and their contribution to it puts their very business at risk. It puts jobs at risk. It puts retirement accounts at risk.

This new rule could finally change that. But right now investors, including retirement account holders, are being kept in the dark.

Help us reach our goal to deliver 10,000 comments. Take action now and tell the SEC you support this historic new climate disclosure rule. >>

Climate change is an existential threat to our economy. And these economic costs — while staggering — do not even account for all of the other harm the climate crisis causes: approximately 700 lives lost last year directly to climate disasters in the U.S. alone, homes and livelihoods destroyed by extreme weather disasters, and cumulative health effects from worsening pollution, heat and other ills fueled by climate change.

Not paying attention to climate change puts business and jobs at risk. The SEC is doing its job: investors — especially small investors like retirement account holders — deserve to understand and be protected from the increasing climate-related risks of the companies they are investing in. It's time we demand transparency and accountability.

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Thank you,

David Shadburn
Government Affairs Advocate, Climate & Clean Energy
League of Conservation Voters