Today Ranking Member Henry A. Waxman and Energy and Power Subcommittee Ranking Member Bobby L. Rush sent a letter to Chairmen Fred Upton and Ed Whitfield to request a hearing on a recent report entitled Risky Business: the Economic Risks of Climate Change in the United States, which examined climate change impacts in every region of the country. The report found that across the nation, up to $106 billion worth of coastal property will likely be underwater by 2050, and by the end of the century, states such as Oregon, Washington, and Idaho could experience as many days over 95°F as Texas. Climate change will reduce labor productivity and crop yields. The report notes that doing nothing will be more costly than acting now to mitigate climate change and recommends prompt action to address the threat.
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