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Climate Change

The Latest On: Climate Change

June 29, 2022 | Letter

SEC Comments Cryptocurrency Mining Companies

The Enhancement and Standardization of Climate-Related Disclosures for Investors Comments on the Proposed Rule Related to Publicly-Traded Proof-of-Work Cryptocurrency Mining Companies, File Number S7-10-22

June 28, 2022 | In the News: The Hill

Biden administration to hold its first oil drilling lease sales on federal lands

Michael Freeman, Senior Attorney, Rocky Mountain Office, Earthjustice: “Why are they having these lease sales given the climate impacts that the Biden administration itself recognizes? There’s a clear contradiction between what the Biden administration says it wants to do on climate and what it’s doing with these lease sales.”

June 21, 2022 | Legal Document

SFF Comments: June 2022 Securities and Exchange Commission, Enhancement and Standardization of Climate Related Disclosures for Investors

The current climate crisis is the greatest existential threat of our time, threatening far reaching and devastating public health, environmental, and economic impacts. The severity of this crisis and the harms stemming from it permeate all aspects of our society, including the corporate sector. Financial risk to businesses from the warming planet is pervasive and will continue to grow absent substantial reductions in greenhouse gas emissions across all sectors. This is especially so for firms in the industrial agriculture sector, where climate change poses significant financial risk to the underlying business. Indeed, warming temperatures and the increasing frequency of extreme climate events such as floods and droughts, extreme heat, and dangerous storms, threaten overall productivity, the health of the labor force, production efficiency, and regulatory compliance.