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AHLA wants Climate Change Legislation to protect U.S. Hotel Investors

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The American Hotel and Lodging Association (AHLA) told SEC Chairman Gary Gensler to look at the interest for American Hotel Investors.

AHLA Letter to the Securities and Exchange Commission

The American Hotel and Lodging Association (AHLA) President & CEO Chip Rogers told SEC Chairman Gary Gensler that AHLA is committed to addressing climate change, and many AHLA members have been leading on the issue for years, but the SEC’s draft rule could have the opposite effect as intended.

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“We believe that certain provisions of the Rule as drafted will discourage some registrants from continuing their forward-leaning practices and embracing climate-related initiatives,” Rogers said.

The Securities and Exchange Commission in March proposed rule changes that would require registrants to include certain climate-related disclosures in their registration statements and periodic reports, including information about climate-related risks that are reasonably likely to have a material impact on their business, results of operations, or financial condition, and certain climate-related financial statement metrics in a note to their audited financial statements.

About the author

Juergen T Steinmetz

Juergen Thomas Steinmetz has continuously worked in the travel and tourism industry since he was a teenager in Germany (1977).
He founded eTurboNews in 1999 as the first online newsletter for the global travel tourism industry.

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