--- title: 350.org on the reintroduction of the Climate Risk Disclosure Act date: 2019-07-10T17:36:06Z modified: 2019-07-12T15:28:45Z permalink: "https://350.org/press-release/us-climate-risk-disclosure-act/" type: press-release status: publish excerpt: "" wpid: 101543 --- _Washington, DC —_ Today, Senator Elizabeth [Warren reintroduced legislation](https://wbsm.com/warren-reintroduces-climate-risk-disclosure-act/) that would require public companies to disclose “critical information” regarding exposure and susceptibility to climate-related risks. 350.org is one of more than 30 organizations [supporting the legislation](https://ucs-documents.s3.amazonaws.com/global-warming/Climate+Risk+Disclosure+Sign-On+2019.pdf). The announcement follows a [report from the Grantham Research Institute](https://www.theguardian.com/environment/2019/jul/10/quarter-of-worlds-biggest-firms-fail-to-disclose-greenhouse-gas-emissions) revealing that a quarter of the world’s highest-emitting, publicly listed companies fail to report greenhouse gas emissions, and nearly half don’t properly consider climate risk in decision-making. This comes as the 2019 hurricane season begins with a [torrential storm hitting the Gulf coast](https://newrepublic.com/article/154449/new-orleans-barry-storm-one-two-weather-punch), and the day after Sen. Bernie Sanders and Reps. Alexandria Ocasio-Cortez and Earl Blumenauer introduced a [climate emergency resolution](https://www.apnews.com/35917e5a5b0b489e87c62968392a0c10). In response, **Thanu Yakupitiyage, 350.org spokesperson**, said: > “The Climate Risk Disclosure Act is what real climate leadership looks like, offering a powerful mechanism to hold fossil fuel companies accountable. By demanding transparency about their impact in causing and perpetuating the climate crisis, this legislation moves us closer to a total phaseout of fossil fuels. Any prudent investor living up to their fiduciary duty will divest from fossil fuel companies like Exxon continuing to block necessary climate action. > > “Now, the 2019 hurricane season is unraveling with floods along the East Coast and a torrential storm brewing in the Gulf coast. With the reintroduction of this bill, we’re calling on all elected officials to wield every tool available to make fossil fuel billionaires — not our communities — pay for their climate destruction.” Last month, a groundbreaking [poll Yale University’s Program on Climate Change Communications](https://climatecommunication.yale.edu/publications/majority-of-americans-think-fossil-fuel-companies-are-responsible-for-the-damages-caused-by-global-warming/) found a majority of people in America support fossil fuel companies paying for climate destruction. \### Contact: Lindsay Meiman, , +1 (347) 460-9082