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Monday, December 23, 2024

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Bill Clinton is hospitalized for observation and testing after developing a fever; Biden commutes most federal death sentences before Trump takes office; Proposed post office 'slowdown' threatens rural Americans; Report: Tax credits shrink poverty for NM's kids, families; Tiny plastic pieces enter the body in ways you'd never think of.

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Biden commutes the sentences of most federal death row inmates, the House Ethics Committee says former Rep. Gaetz may have committed statutory rape and the national archivist won't certify the ERA without Congressional approval.

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Rural folks could soon be shut out of loans for natural disasters if Project 2025 has its way, Taos, New Mexico weighs options for its housing shortage, and the top states providing America's Christmas trees revealed.

Corporations Pressed to Adapt to Climate Change Threat

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Friday, May 21, 2021   

SIOUX FALLS, S.D. - South Dakota is part of a multistate lawsuit over federal regulators being asked to weigh the costs of climate change on society in their policy decisions. A nonprofit in the corporate arena says it's clear - resistance on behalf of businesses is futile.

The lawsuit by conservative states argues the federal action is "arbitrary" and could have harmful effects on the U.S. economy.

Danielle Fugere is the president of the group As You Sow, which focuses on shareholder activism.

She said it's a market reality that the world is taking climate change seriously. She said she thinks businesses should join the movement, instead of putting up a fight.

"Because as climate change occurs, it impacts every company globally," said Fugere. "It makes it much more difficult to maintain business."

She suggested investors and banks are paying close attention to which companies adapt - and which ones ignore the warning signs.

As for the federal policy, Gov. Kristi Noem and other opponents say it could stifle energy production. They're also concerned about the impact on sectors such as agriculture, which has been a key priority for Noem.

But Fugere said this week's new report from the International Energy Agency - which says fossil-fuel investment can't play a role in achieving net-zero emissions - is a wake-up call. She said businesses, especially oil and gas producers, need to see what other firms have already noticed.

"They need to have resources available," said Fugere. "They need workers available, and they need water, and they need agriculture that works."

She said without that stability, it would be harder for businesses to thrive. Her group added that many leading banks have set their own net-zero goals, and have decided the companies they finance must be on that path as well, in order to secure loans.


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