Apr. 17, 2023
Re "S7-10-22" 1. SEC efforts to shield the financial system from climate-fuelled threats are inevitable. 2. However, albeit from a lower base [a] rate of the growth of climate damages has for some time been progressing at roughly twice [b] globally averaged economic growth rates. 3. It is inevitable that [a] will overtake [b] unless greenhouse gas emissions globally are now immediately and drastically curtailed. The prognosis from any further failure to do this is increasingly & irreversibly catastrophic for economies & ecology globally - CBAT Carbon Budget Analysis Tool. Consequently the rule now needed must require publicly listed companies to disclose to investors, regulators & the public their risks from (& contributions to) global warming. However, this must be done explicitly with reference to points 1 2 & 3 as stated above, making the actual calculus clear.