Seven in 10 Americans prefer to do business with companies that respect and protect our environment, but we cannot put this market power to work if companies can hide what they’re doing.

Today, we already have more coal, oil, and gas than we can safely burn, but banks are rushing financing to fossil fuel companies anyway. $2.7 trillion over the past four years alone – and rising each year. We know these loans are trouble, because the banks themselves are warning their high net worth clients to avoid fossil fuel companies.

Once these banks earn their fees, they securitize fossil fuel loans and pass the risk off to investors. Because their own high net worth clients aren’t buying, the risk flows to small investors, retirees, and pensioners who own index funds.

We cannot manage this problem, if we cannot measure it. Each bank must disclose its financed emissions so that customers can pick which bank to use and investors can identify which banks face too much climate risk. With universal and comparable data, bank customers and investors can fix our broken energy markets.