Bearish About Global Warming

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Reuters reports that a group of investors, state officials, and environmental advocates have filed a petition urging the U.S. Securities and Exchange Commission to force publicly-traded companies to disclose the “risks and benefits” they face as a result of global warming (of course, all prefer the more expansive and friendly-sounding phrase “climate change”).

“Companies’ financial condition increasingly depends upon their ability to avoid climate risk,” reads the petition, signed by 22 officials and groups, representing $1.5 trillion in assets. The upshot is that in covering their assets, investors may force the corporate world generally to be more forthright about the coming “endless summer.”

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BEFORE YOU CLICK AWAY!

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things they don’t like—which is most things that are true.

No one gets to tell Mother Jones what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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