Corporate managements nationwide undoubtedly breathed sighs of relief Wednesday, when the Securities and Exchange Commission approved a rule mandating their disclosures of greenhouse gas emissions and risks from global warming. That's because the rule is much weaker than its original version, which was first published in March 2022.
began taking count in 1980 and the ninth consecutive year in which 10 or more billion-dollar weather or climate disasters struck the U.S. 's initial estimate is that the 2023 disasters cost more than $90 billion, but it's certain to rise, since the ultimate price tag of the 18 disasters reported in 2022 came to more than $165 billion. The disasters took 492 lives. To put it another way, any management of a large business in the U.S. that thinks it can evade the costs of global warming is living in a dream world.