accountability-climate-disclosure-sign-on-letter-e6e3ee91efcacf6a.pdf

The document is a formal letter to Senator Elizabeth Warren from 33 organizations supporting the Climate Risk Disclosure Act of 2018. The signatories argue that standardized climate risk disclosure by the Securities and Exchange Commission is essential for investors to assess physical, financial, and legal risks, such as stranded assets and refinery flooding, thereby accelerating the transition from fossil fuels to clean energy and maintaining financial stability.

• The Climate Risk Disclosure Act of 2018 is viewed as a necessary measure to provide shareholders with the data required to mitigate legal, physical, and financial risks associated with climate change, which in turn supports the transition from fossil fuels to cleaner energy and reduces financial instability.
• Fossil fuel companies are specifically identified as facing risks including mounting lawsuits from municipalities regarding sea level rise adaptation costs, the potential for stranded assets, and increased flooding at refineries.
• The proposed bill would require the Securities and Exchange Commission to create standards for the systematic evaluation of climate risks, aligning with the recommendations of the Task Force on Climate-related Financial Disclosures and investor demands for business plans compatible with limiting global temperature increases to below 2 degrees Celsius.

APA

Union of Concerned Scientists (2018). accountability-climate-disclosure-sign-on-letter-e6e3ee91efcacf6a.pdf. https://www.ucs.org/sites/default/files/images/2018/09/Accountability-Climate-Disclosure-Sign-on-Letter.pdf

Chicago

Union of Concerned Scientists. accountability-climate-disclosure-sign-on-letter-e6e3ee91efcacf6a.pdf. 2018. https://www.ucs.org/sites/default/files/images/2018/09/Accountability-Climate-Disclosure-Sign-on-Letter.pdf.

Wikipedia

{{cite press release |author=Union of Concerned Scientists |title=accountability-climate-disclosure-sign-on-letter-e6e3ee91efcacf6a.pdf |date=14 September 2018 |url=https://www.ucs.org/sites/default/files/images/2018/09/Accountability-Climate-Disclosure-Sign-on-Letter.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{unionofconcernedscientists2018accountabilityclimatedisclosuresignonlettere6e3ee91efcacf6apdf, author = {{Union of Concerned Scientists}}, title = {{accountability-climate-disclosure-sign-on-letter-e6e3ee91efcacf6a.pdf}}, publisher = {Union of Concerned Scientists}, year = {2018}, month = sep, url = {https://www.ucs.org/sites/default/files/images/2018/09/Accountability-Climate-Disclosure-Sign-on-Letter.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }