World’s Largest Companies Forecast Climate Change Could Cost Them $1 Trillion

By | June 4, 2019

  • June 4, 2019 at 12:10 pm
    Craig Cornell says:
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    From the article:

    “The financial services industry faces almost $700 billion in risks from regulation, market sentiment or other indirect factors, according to the report, with potential gains of nearly $1.2 trillion.”

    Good news, insurance industry: if we can just get the government off our back and stop the Climate Zealots from further damaging “market sentiment”, the industry can have huge gains from Climate Change!

    • June 5, 2019 at 9:12 am
      Rosenblatt says:
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      Bad news, financial industry: “Analysts criticized the industry for reporting practices that raise a magnifying glass to its customers, rather than itself. “[T]he finance sector is likely to be missing some risks,” the CDP report states in particular, a expression of trouble that could come to the businesses beyond “potential risks to their direct operations,”

  • June 6, 2019 at 7:34 am
    De-classifying Isn't a Cover-up says:
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    Neutral news, financial industry: the Earth’s climate is changing, and nothing man does can change it.

    Bad news, US taxpayers: the Earth’s climate is changing, and it’s possible Global Warming Hoaxers may convince enough voters to believe higher taxation and lower freedom can reduce or halt the changes that have NOT adversely affected the planet in the long run. In turn, those voters may ruin the chance that the US continue in a period of sustained prosperity and freedoms restored beginning in early 2017.

    Good news, financial services industry, especially insurance of natural perils: More studies are being conducted to buttress those already concluded to show that man has very little impact on Earth’s climate, and they are being conducted without censoring the data or biasing the outcome with unrealistic assumption or improper application of the ‘scientific method’.



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