Maui Business

Schatz Statement on Climate-Related Financial Risk

June 12, 2019, 11:32 AM HST
* Updated June 12, 1:24 PM
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Today, US Senator Brian Schatz of Hawai‘i issued a statement following the US Commodity Futures Trading Commission’s first public meeting on climate-related financial risks.

During the meeting, Commissioner Rostin Behnam announced he is working on creating a new Market Risk Advisory subcommittee focused exclusively on examining climate-related financial risks.

Sen. Schatz, who is a member of the Senate Banking Committee and Chair of the Special Committee on the Climate Crisis said:

“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 US 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.”

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