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UNITED NATIONS (AP) - In a daylong brainstorming "summit," a dozen U.S. state treasurers and hundreds of financiers and other major investors debated ways Tuesday to pressure more U.S. companies into dealing openly with the financial risk of climate change and with ways to reduce it.
"Climate change poses a long-term financial and business risk for many of the companies in which we invest," said Connecticut Treasurer Denise L. Nappier, a co-chair of the event. "For us today it's all about our money."
Harvard University environmental scientist John Holdren gave the more than 300 participants an update on the latest climate research, saying it's increasingly clear that rising global temperatures caused by emissions of carbon dioxide and other "greenhouse gases" would intensify heat waves, storms, floods, droughts and wildfires in the 21st century.
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