The Federal Reserve is finally proclaiming the obvious and what I’ve been warning you of for years. “The Fed said storms, floods, droughts and wildfires are among the “acute hazards” that could upend stable economic conditions.” While this article is primarily about the threat of climate change to commercial and residential real estate and their underlying assets (mortgages and mortgage backed securities)…
In the last week or two, there has been a great deal of news about the science and impact of climate change. There are many new studies and research that has occurred and articles reporting the results. Many of these are about the topics I have been writing you about for a long time. Today I will focus on real…
You know that I’ve been warning for a very long time that investments in fossil fuel assets are going to lose their value and do so much sooner and faster than “conventional” wisdom. Of course, there were some that didn’t even agree that fossil fuel investments were even risky. I posited that major oil companies’ investments in enormous development projects…
Today’s message is that small, sometimes nearly invisible things matter in a BIG way. Previously I’ve alerted you to NSR (New Source Review: https://franklytalking.com/altering-nsr-can-kill-you-concerned/) and how what might be an obscure adjustment to a regulation can have an enormous impact on your personal health and that of the planet. In addition, I wrote about the CRA (Congressional Review Act: https://franklytalking.com/what-the-hell-is-cra-and-why-should-you-care/) and how its…
Last week I wrote about the multitude of articles showing how our country is waking up to the climate crisis and beginning to react. None too soon because the consequences are becoming not only worse but converging. Or, as the following article describes, cascading. The article from the NYT is a bit long and honestly, scary and depressing as…
Over the decades that I have been writing these articles I have reported on a number of themes most of which relate to climate change. Of course, when writing about different themes referring to the same topic they logically compliment each other. I thought that today, rather than featuring one topic, I’d highlight several that are all intertwined. Thus, I am…
After sending my last message to you incapsulating some of my themes and perspectives I thought that today I would send you the highlights of some recent articles that summarize and reiterate several topics about which I’ve been writing. I’ll leave it up to you to look up the articles if you want more details. Phoenix Hits 114 F for…
I imagine that many, if not most or all, of you know that the populations of pollinators have plummeted dramatically over the last couple of decades all over the world. Bees and monarch butterflies are the canaries in the coal mine so to speak. The dramatic decimation of their populations dramatize how what may appear to be minor changes in climate…
Back in June 2018 I sent out this piece: Altering NSR Can Kill You. Concerned?? (https://franklytalking.com/altering-nsr-can-kill-you-concerned/) Well, NSR (New Source Review) is back in the news. I’m really delighted to send you this article today. You probably know that I am a life member of Sierra Club having joined the Club in 1976. I have been actively engaged…
I hope you listened to my warnings over the past few years and divested yourself from any asset in any way tied to fossil fuels not just for moral reasons but for your own financial security. A great deal of the asset values supporting the prices of a fossil fuel extraction company’s financial instruments is the capitalized cost of the proven…