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What did they know, and when did they know it? The municipal climate litigation, the fossil-fuel industry, and the municipal bond market.Several municipalities have filed lawsuits against major fossil-fuel producers, arguing that they are responsible for increasing atmospheric concentrations of greenhouse gases; that they have known for years the climate dangers of that trend; that they are responsible for extreme climate effects and weather events past, present, and future; and that they should bear the financial costs of adaptation and the damage caused by specific weather impacts. However, the disclosure statements accompanying the municipalities’ bond offerings are far less specific about the potential damage from such extreme weather and the resulting implications for their respective tax bases — that is, their future ability to service their debts.
Join AEI as an expert panel addresses the legal and scientific issues this litigation raises, as well as the underlying implications for the municipal bond market.
**David Bookbinder, Niskanen Center
**Andrew M. Grossman, BakerHostetler
**Michael MacCracken, Climate Institute
**Patrick J. Michaels, Cato Institute
**Stephen P. Winterstein, Wilmington Trust Investment Advisors
**Benjamin Zycher, AEI
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