Schatz Statement Following CFTC's First Public Meeting On Climate-Related Financial Risk
WASHINGTON—Today, U.S. Senator Brian Schatz (D-Hawai‘i), a member of the Senate Banking Committee and Chair of the Special Committee on the Climate Crisis, released the following statement after the U.S. Commodity Futures Trading Commission held its first public meeting on climate-related financial risks, where Commissioner Rostin Behnam announced he is working on creating a new Market Risk Advisory subcommittee focused exclusively on examining climate-related financial risks.
“It is very encouraging that the full Commission recognizes the severity of the threat that is climate change and is taking steps to mitigate market risk. This is one of several signals we’ve seen just in the past week that the U.S. financial community is worried about climate change, and I hope that worry, which is well-founded, continues to translate into action from our regulators, financial institutions, and publicly traded companies.”