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The SEC’s Time To Act
A New Strategy for Advancing U.S. Corporate and Financial Sector Climate Disclosures
February 19, 2021, 5:00 am Getty/CQ-Roll Call Inc./Bill Clark
A flag flies outside of the U.S. Securities and Exchange Commission building in Washington, D.C., July 2020.
Julia Cusick
Introduction and summary
Climate change poses major risks to U.S. companies, the domestic economy, and the planet. Those risks include the loss of jobs. The 2008 financial crisis resulted in the loss of more than 8 million jobs,
1 and the cumulative job losses from future climate-driven financial impacts could be even larger.
2 With many climate risks such as hurricanes and wildfires already materializing, investors, regulators, and the public need better information to evaluate the risks to companies and the financial system and take appropriate action in response.
STATEMENT: Today’s Google Lawsuit Underscores the Seriousness of Anti-Competitive Behavior in the Tech Industry
Date: December 17, 2020
Contact: Julia Cusick
Marc Jarsulic, chief economist at the Center for American Progress, issued the following statement:
The lawsuits brought by nearly every state attorney general acknowledge what many have long observed that Google has exercised its dominance in search and online advertising in ways that are prohibited by antitrust law. They claim that Google has used its significant market power in online advertising to dominate the invisible but highly lucrative markets where online ads are priced and delivered to websites across the internet, raising its profits and stifling its competition. These allegations are serious, and enforcement action is long overdue.
Marc Jarsulic, chief economist at the Center for American Progress, issued the following statement:
Today’s suits are welcome and overdue. Facebook has a dominant social media platform that produces huge profits and gives the company enormous influence over an important means of communication. It’s clear that Facebook has long sought to preserve its monopoly power by acquiring competitors such as WhatsApp and Instagram. By doing so, it has denied consumers access to more innovative and less invasive social media platforms. These and other behaviors by Facebook appear to be both anti-competitive and a violation of antitrust law.
Adam Conner, vice president for Technology Policy at the Center for American Progress, added:
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