it was led by michael bloomberg, henry paulson, and tom steyer. among the findings, if we continue on the same path, by the year 2100, the country could see $701 billion of coastal property underwater. $108 billion in average annual losses from hurricanes and coastal storms on the eastern seaboard and gulf of mexico. and in some states, a loss of up to 70% in average annual crop yields. extreme heat and humidity would also threaten human health, reduce labor productivity, and strain electricity grids. >> global climate change over time poses severe threats to life on earth as we know it today. and as time goes on, those severe threats become greater and greater, and ultimately i think have the potential of becoming catastrophic. >> even if you're skeptical about climate change, there's no denying that it presents major risks that no company, city, or country can afford to ignore. >> i believe the american business community can and must lead the way in helping to reduce these risks. to rise to the challenges of climate change, they must do so now.