Unilever, VF Corporation, Mars Inc., and the New York State Comptroller headed a list of 173 companies and investors that wrote to the Obama Administration and the U.S. Senate and House majority and minority leaders in support of the Environmental Protection Agency’s draft carbon pollution standard. The regulation “represents a critical step in moving our country towards a clean energy economy,” they wrote. “Analysts are predicting that climate change (and related policy uncertainty) could add as much as 10% to portfolio-wide risk in the next two decades, putting trillions of dollars of institutional investors’ assets at risk.”
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