Thursday 18 April 2019

Corporate America Is Getting Ready to Monetize Climate Change: Bloomberg

Not OK to profit from wrecking the climate
"Bank of America Corp. worries flooded homeowners will default on their mortgages. The Walt Disney Co. is concerned its theme parks will get too hot for vacationers, while AT&T Inc. fears hurricanes and wildfires may knock out its cell towers.

The Coca-Cola Co. wonders if there will still be enough water to make Coke.

As the Trump administration rolls back rules meant to curb global warming, new disclosures show that the country’s largest companies are already bracing for its effects. The documents reveal how widely climate change is expected to cascade through the economy -- disrupting supply chains, disabling operations and driving away customers, but also offering new ways to make money."

Read the Bloomberg story 

See also: Latest: Pentagon Warns of Risk to Bases, Troops From Climate Change

No comments:

Post a Comment