If you click on the link below you will be able to read the New York Times article referenced below. I am unable to copy and paste the shocking graphics that clearly demonstrate how dramatically our climate is changing especially as it relates to summer temperatures so you’ll have to click over. If you haven’t been scared about what is already occurring (think fires and…
This is another post along the lines of how a changing climate will impact financial and economic interests. The article below points out that financial institutions are waking up to the costs in real dollars and cents that the warming climate will have. Not having read the study I surmise that the only aspect that has been evaluated is strictly focused on…
In several previous posts I have pointed out the financial risk that climate change poses to the world economy. Increasingly the world is waking up to how climate change will affect corporate stability and by extension, capital markets. Insurance companies are on the front line of this issue. And as I pointed out, so is the government flood insurance program…
A few days ago I brought to your attention that flooding caused by storm surge is becoming more frequent and severe due to rising ocean levels caused by climate change. In that message I pointed out that regardless of where you live in the US or, whether YOU have flooding, we are all going to pay for this phenomenon. The following article details…
Following up on my last post about the impact of the enormous iceberg that calved off of Antartica last week, today I am sending you an article about how the impact of melting ice could affect the United States (and the rest of the world as well) in terms of the flooding and its associated costs. This should be a wake…
You may have heard about the massive iceberg that broke off from Antartica last week. The following article will answer many basic questions about the impact of this event. Here are some of the relevant points: “The massive iceberg holds twice as much water used in the United States every year. It weighs about 1.1 trillion tons and measures 2,200 square miles.…
Over the past decade or so, I have been somewhat engaged at my alma mater, The University of Chicago, with their EPIC (Energy Policy Institute Chicago) program. I had been told of a new tool that was being developed that would be able to model future climate impacts on a very localized basis. The initial product from this endeavor is now public with…
There’s not much I can say that will add to the following article. I am posting it here in its entirety since I know that most of you don’t actually click through to read the underlying articles on which I base my posts. For the skeptics and so called experts that have been grossly underestimating the growth of renewable energy…
As I was sitting on my back deck this morning drinking my coffee, relaxing and listening to the symphony of chirping birds I heard the growl of airplanes flying by overhead. Not an unusual sound for any of us almost anywhere in the world. And faintly in the background, I could hear the sound of traffic on the highway that…
As always, follow the money. The good news is that at more and more companies, shareholders are putting forward a significantly increased number of proposals at corporate annual meetings. In many cases, they are being passed. Even at Exxon Mobil. The effects of climate change especially is causing shareholders alarm for the future profits and viability of the companies…