In Defending Calif. Municipalities’ Bonds, Former SEC Official Undermines Climate Lawsuits

The California municipalities accused of misleading their investors on climate change responded last week with a report from a former Securities and Exchange Commission (SEC) official, who claims that the cities and counties had adequately disclosed the risks of climate change. But in an unanticipated twist, the report also demonstrates how the municipalities may have exaggerated the risks of climate change in their lawsuits against fossil fuel companies.

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