Climate.gov, a key source of data and information about climate-related financial risks that threaten banks, will be shut down and its staff will be fired. The American people deserve—and the law requires—regulators to ensure banks identify and address all material risks, regardless of the source. Having accurate information about climate risks is vital to this work.

Shutting down NOAA’s Climate.gov will eliminate a necessary source of data that banks and regulators use to understand climate risk. This decision endangers lives and billions of dollars of property, which serves as collateral for loans.