The perfect headline when discussing “climate change”, from hyper-Warmist Eric Holthaus
New Report Finds the Best Way to Make Industry Care About Climate Change: Money
Force industry to care.
A new report out earlier this month by the global consulting firm Mercer is perhaps the most striking argument yet for fossil fuel divestment, written in the cold, calculated prose of international finance. Its very blunt conclusion: “Climate risk is inevitable. Some impacts on investment returns are inevitable.â€
The report looks out to 2050, but its focus on the next 18 months to 10 years—and its emphasis on the unique risks to the fossil fuel industry—makes it especially relevant in the near-term. Specifically, the report advocates for “portfolio decarbonizationâ€â€”aka divestment—and argues that by reducing your investment exposure to sensitive sectors of the economy (the report identifies utilities, real estate, timber, agriculture, but calls the fossil fuel industry the most risky) you can avoid holding “stranded assets†should world governments put caps on carbon emissions or extreme weather produce escalating damage.
In short, by ridding your portfolio of climate sensitive or fossil fuel intensive companies, you can make the world a better place, and make money at the same time. Climate deniers with fat bank accounts, consider this your chance to change your tune—it’s OK to be selfish, to do it for the money, we won’t blame you.
Warmists keeping showing their cards, that what they really want is to force Other People to obey the tenets of the Cult of Climastrology. All while refusing to give up their own use of fossil fuels.
