SEC Commish Says Climate Change A 'Grave' Systemic Risk

By Sue Reisinger (November 6, 2020, 6:13 PM EST) -- In a keynote speech that could impact general counsel's advice to their companies, SEC Commissioner Allison Herren Lee said Thursday that climate change looms as a systemic risk to the U.S. economy, "even larger than the pandemic" with "more grave human and economic costs."

Lee, speaking virtually and primarily to in-house and outside lawyers at the Practicing Law Institute's annual forum on securities regulation, said the country should take a lesson from the pandemic and act now.

"We should not wait for climate change to make its way from scientific journals, economic models and news coverage of climate events directly into...

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