Warren Statement on the Trump Administration's Latest Move to Leave Investors in the Dark

Warren Statement on the Trump Administration's Latest Move to Leave Investors in the Dark

Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, issued the following statement following the Securities and Exchange Commission's (SEC) proposed rescission of climate risk disclosure rules:

"In the Trump Administration's latest move to leave investors in the dark, the SEC is rescinding a critical rule that would have allowed investors to know whether ever-increasing floods or fires might impact the companies they will be investing in - and what companies are doing to prevent these climate-related risks from getting worse. The data is clear: severe weather events around the country, caused by climate change, are costing American businesses and taxpayers billions of dollars a year. But Trump's extremist administration would prefer to stick their heads in the sand and let investors suffer the consequences."

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