In addition to being an environmental and public health threat, climate change can put all of us at financial risk.
For example:
Investors could suffer meaningful losses to their reitrement savings and other investments if their portfolios are exposed to climate change risks created by insurance giants, big banks, and other companies.
Consumers could lose access to financial products and services, such as mortgages and homeowners insurance, in geographic areas hit by climate change-related natural disasters.
U.S. PIRG is educating consumers about the financial risks posed by climate change, and we are holding companies that enable it accountable when they risk our financial well-being.
End Fossil Fuel Financing: Pass the Fossil Free Finance Act
Too many of our largest banks are fueling climate change by continuing to lend to big, dirty fossil fuel projects. The longer that our nation’s largest banks keep financing dirty fossil fuel projects, the more they set us up for a large-scale, climate-induced economic collapse.
Mike directs U.S. PIRG’s national campaign to protect consumers on Wall Street and in the financial marketplace by defending the Consumer Financial Protection Bureau, and works for stronger privacy protections and corporate accountability in the wake of the Equifax data breach. Mike lives in Washington, D.C.