Toomey points out the failure to provide clear risk criteria.
07/21/2015
https://www.congress.gov...
There is no reason at all. Neither the Fed nor the SEC... have particular expertise in this area.
Society's broad response to climate change is for others to decide, in particular elected leaders.
If there is strong data suggesting that there is a risk to profitability, then the SEC framework requires that those be disclosed.
The climate models are not designed to do that.