Climate change has increased the frequency and intensity of droughts, hurricanes, tornadoes and other severe climate events. We often think of migrants as people from other countries, often wanting to come the the United States. But what may surprise you is that some people inside the United States are becoming climate migrants. Check out the CNN article below for more information on what some people are experiencing.
Summary: The SEC proposed new Rules requiring companies to share “climate change” impact issues that could effect the performance of the underlying stock prices. Read the announcement below.
SEC Proposes Rules to Enhance and Standardize Climate-Related Disclosures for Investors
Washington D.C., March 21, 2022 —
The Securities and Exchange Commission today proposed rule changes that would require registrants to include certain climate-related disclosures in their registration statements and periodic reports, including information about climate-related risks that are reasonably likely to have a material impact on their business, results of operations, or financial condition, and certain climate-related financial statement metrics in a note to their audited financial statements. The required information about climate-related risks also would include disclosure of a registrant’s greenhouse gas emissions, which have become a commonly used metric to assess a registrant’s exposure to such risks.
“I am pleased to support today’s proposal because, if adopted, it would provide investors with consistent, comparable, and decision-useful information for making their investment decisions, and it would provide consistent and clear reporting obligations for issuers,” said SEC Chair Gary Gensler. “Our core bargain from the 1930s is that investors get to decide which risks to take, as long as public companies provide full and fair disclosure and are truthful in those disclosures. Today, investors representing literally tens of trillions of dollars support climate-related disclosures because they recognize that climate risks can pose significant financial risks to companies, and investors need reliable information about climate risks to make informed investment decisions. Today’s proposal would help issuers more efficiently and effectively disclose these risks and meet investor demand, as many issuers already seek to do. Companies and investors alike would benefit from the clear rules of the road proposed in this release. I believe the SEC has a role to play when there’s this level of demand for consistent and comparable information that may affect financial performance. Today’s proposal thus is driven by the needs of investors and issuers.”
Simulations Foundation is actively working on the project “Insulate it Forward.” Our first identified house is the one shown here. It was damaged by Hurrican Michael and bought by a single mother, first time home owner. The idea is to use local help from churches or civic organizations to provide the labor and then find funding to pay for the physical insulations. This project is well on its way. If you are interested in learning more, please contact us.
One of our board directors is a scientist/professor Dr. Chandana Mitra. She is a Climatologist and an Associate Professor in the Department of Geosciences, Auburn University. She is part of a team that runs the Alabama Environment Awareness Channel. They are part of “Amverica View” with funding from the U.S. Geological Society. We recommend you subscribe to their channel as they are continually updating the channel with additional simulations relative to earth remote sensing.
What does it take to convince people that climate change is really? What does it take to convince you that anything is real and that you need to take action. Here is a short animation discussing what percent of experts does it take you to believe and take action?