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Climate Action 100+ reports that, last year, there were 22
climate-related weather disasters in the U.S. that "each
caused more than $1 billion in damages-far and away a record. To
investors, climate change poses not only physical risks of damage
to assets, supply chains and infrastructure but also transitional
risk if portfolio companies do not adjust rapidly enough as the
economy decarbonizes and systemic risk posed to the entire
economy." According to environmental nonprofit Ceres, as of April 21, 408 businesses and
investors "with a footprint" in the U.S. have signed an open letter to the President