[MCN] Senator Daines in a most awkward position re climate change

[Lance Olsen]

To: US Senator Steve Daines
From : Lance Olsen
Subject : Economic and capital risk
Date : July 25, 2019

Dear Senator Daines

I feel pretty safe in assuming that you, as a Republican, stand publicly as a guardian of the economy, and as a defender of capital. 

Given these concerns, you’ve likely heard of the capital investments firms forming an alliance based on their shared concerns about the economy and capital. 

You likely know already that, at the time of their joint statement as of December 2018, 415 capital investment firms had signed on. 

You may also know that, together, their concerns span across capital assets that may be worth more money than twice the value of China’s entire economy.

It seems a pretty safe bet that, when this new alliance of capital investors issued its statement of last December, word of it worked its way around Washington.

Concerned for the safety of investment capital, the 415 firms, now allied as the new Institutional Investors Group on Climate Change, has begun a campaign asking that governments cease subsidy of fossil fuels, and initiate a price on carbon. They also called for corporations to disclose their own exposure to risk associated with fossil fuels and the atmosphere’s carbon problem.

You may have already been advised that, since its December statement of requests, the alliance has grown from 415 to 470+.

I’d be interested in your perspective on this matter.

Lance Olsen
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