While the devastating effects of the global COVID-19 pandemic take center stage, another worldwide crisis “looms even larger than the pandemic and could have even more grave human and economic costs than those we have witnessed these last eight months.”[1]
Securities and Exchange Commission (SEC) Commissioner Allison Herren Lee addressed the threat of climate change on financial markets during her keynote remarks at the Practising Law Institute’s 52nd Annual Institute on Securities Regulation earlier this month.[2] Commissioner Lee—a Trump appointee—implored attendees to take climate change seriously, even while the crisis may appear to be an abstract threat to some.[3]
