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)…
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…
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…
In case you haven’t been paying attention, it’s becoming more and more clear that the horse is out of the barn: we’ve passed a tipping point. When you can read this in Forbes, things have changed. “After all the suffering of the pandemic, let’s make investments that will preserve life as we know in this planet and strengthen our…
In light of the health crisis we are all now experiencing it feels disjointed to be focusing on anything else. So far I, Debbie and the rest of my immediate family are all feeling good and hunkered down in isolation and working from home. I certainly hope that you are doing as well also and imploring everyone you can influence…
The winds of change are blowing. I’ve alerted you too many times to count that the energy industry is changing rapidly and is nearing a tipping point. Actually, given the current situation, may have been pushed permanently beyond the tipping point and into a new reality. Here’s some more evidence of how the rapidly evolving future is currently…
The world around us is changing fast. And as much change as we’ve seen in the last week, especially since Wednesday, it’s going to accelerate and it’s hard to imagine what life will be like a week from now much less in a month. I hope you are taking this pandemic extremely seriously and staying home and isolated. Even if…
Recently I wrote about what you can personally do to help protect the planet from the worst possible outcomes of climate chaos and leave our descendants a more hospitable and livable environment. https://franklytalking.com/quitting-your-hamburger-addiction-aint-gonna-cut-it/ One of the things I suggested was joining Sierra Club and helping in these pursuits. (Full disclosure, as you probably know, I have been a Club member since…
For years I have been saying that scientists and other climate “experts” were under estimating the likelihood and degree (pun intended) of a warming planet. The reason for this I said was because they were worried about public perception of being alarmist and possibly of “getting out over their skis.” And if in fact that their more extreme predictions didn’t come to…