Chairman Brown, Ranking Member Toomey, and Members of the Committee, I am pleased to discuss with you today risks associated with climate change and the opportunities that are presented by addressing them.

The physical, societal, environmental and financial impacts of global warming, climate change and extreme weather have become evident. If we take inflation-corrected billion-dollar extreme weather events as an indicator, the annual average over the last forty years is 7, over the last five years is 16, and in 2020 was 22. These are data, not opinions. …

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