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Gregg Gelzinis and Graham Steele

Climate Change Is a Financial Crisis, Too

Regulators must act to prepare the system.

This could get really expensive. — This could get really expensive.
Photographer: Thomas B. Shea/Getty Images

By

Gregg Gelzinis and

November 19, 2019, 1:00 PM UTC

The people who oversee America’s financial system seem to think that climate change isn’t their problem. As one official quipped in recent congressional testimony, he’s “not a meteorologist or a climate scientist.”

They should think again. By failing to take action, regulators are leaving the country exposed to a devastating crisis.