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Bloomberg Article - Investors and Climate Goals Options
Hope123
Posted: Saturday, April 13, 2019 4:44:42 PM

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Bloomberg Business News is just left of centre because of choice of topics but high in factual info and research, so is a good source for financial information. With info known now, this article shows predictions of what will happen to various industries if climate goals are not met.

I came across this article and I thought that business people might be interested.

https://www.bloomberg.com/news/articles/2019-04-08/investors-should-worry-if-climate-goals-are-missed-mercer-warns

Investors be warned: If the planet heats up by more than two degrees, it’s going to get a lot harder to make money...The report marks one of the first attempts to model sector-specific investment risks from climate change over decades
Blaidd-Drwg
Posted: Sunday, April 14, 2019 11:17:52 AM

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Great article and it does put it in a context that more people will listen to. The industries that they look at could be considered obvious, but some of the other industries that are already being impacted are:

Insurance - The insurance industry is limiting where disaster insurance can be purchased and how many times someone can collect before being denied coverage.
Tourism - Tourism is getting hammered in locations all over the world. Highly variable weather patterns make scheduling difficult for outdoor sports like skiing and swimming. Hurricanes and typhoons are destroying tourist locations annually, only to be rebuilt and destroyed again.
Real Estate - Property values have started to plummet in disaster prone areas, mostly due to the difficulty of obtaining insurance.

American Express goes as far as to say if your business relies on a steady supply of water or if you sell or use commodities like food, a mineral, or oil then you will be affected. (This includes damn near everyone.)

Blaidd-Drwg
Posted: Sunday, April 14, 2019 11:22:57 AM

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https://www.investopedia.com/articles/investing/092215/industries-will-benefit-global-warming.asp

"Believe it or not, there are companies that have been inventing what has been described as “Wall Street-type tools” in order to make profitable bets on what commodities could soon be scarce."

"There are also companies that are advising their wealthy clients on making purchases of land, specifically farmland, which will be more valuable as climate change impacts weather patterns. In fact, investors, via financial service firms, are purchasing water rights, as well as farmland, because of the large profits that will be made due to drought and food shortages."

Then there is "the agricultural biotech sector – companies like Monsanto Company (MON) that make genetically modified seeds, which they say will be able to withstand a harsher climate with prolonged droughts or frosts."
Hope123
Posted: Monday, April 15, 2019 12:17:16 PM

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Interesting!

Proggy, you and I seem to be the only ones interested in finance. Strange when usually everybody's ears perk up at mention of money.
Blaidd-Drwg
Posted: Tuesday, April 16, 2019 2:37:46 AM

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Hope123 wrote:
Interesting!

Proggy, you and I seem to be the only ones interested in finance. Strange when usually everybody's ears perk up at mention of money.


I know what you mean, especially since we have the 1% who are buying up water rights as investments. If that doesn't send a chill up the spine then I can't imagine what will.
Hope123
Posted: Tuesday, April 16, 2019 9:28:21 AM

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progpen wrote:
Hope123 wrote:
Interesting!

Proggy, you and I seem to be the only ones interested in finance. Strange when usually everybody's ears perk up at mention of money.


I know what you mean, especially since we have the 1% who are buying up water rights as investments. If that doesn't send a chill up the spine then I can't imagine what will.


Wow. It does. Where can I read more about that?

I just noticed your signature quote. I assume you know Atwood used it in Handmaid's Tale. I heard she wrote a sequel but then I've heard nothing more.
Hope123
Posted: Wednesday, April 17, 2019 8:02:12 PM

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Assume you saw this re the UK's achievements without ruining the economy, Proggy?





Jyrkkä Jätkä
Posted: Thursday, April 18, 2019 5:44:15 AM

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Maybe I should start investing in wineries in Finland ;-)
Blaidd-Drwg
Posted: Monday, April 22, 2019 8:47:08 AM

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Location: Zimmerman, Minnesota, United States
Hope123 wrote:
progpen wrote:
Hope123 wrote:
Interesting!

Proggy, you and I seem to be the only ones interested in finance. Strange when usually everybody's ears perk up at mention of money.


I know what you mean, especially since we have the 1% who are buying up water rights as investments. If that doesn't send a chill up the spine then I can't imagine what will.


Wow. It does. Where can I read more about that?

I just noticed your signature quote. I assume you know Atwood used it in Handmaid's Tale. I heard she wrote a sequel but then I've heard nothing more.


Here is some info on the wealthy buying up water rights.
http://www.planetexperts.com/banks-billionaires-buying-worlds-water/
https://www.theguardian.com/news/2018/feb/15/why-silicon-valley-billionaires-are-prepping-for-the-apocalypse-in-new-zealand
https://www.h2oiq.org/new-water-barons-wall-street-mega-banks-buying-world-water/
https://www.forbes.com/sites/chloesorvino/2015/11/04/americas-nuttiest-billionaire-couple-amid-drought-stewart-and-lynda-resnick-are-richer-than-ever/
And another article about the same couple.
https://www.motherjones.com/environment/2016/08/lynda-stewart-resnick-california-water/

This one goes back to 2013 and talks about corporations grabbing as much water rights as they can get.
https://www.scientificamerican.com/article/corporations-grabbing-land-and-water-overseas/



Edit: And my signature does come from The Handmaid' Tale. Haven't seen the TV show, but started the book before we moved. 3/4 through it and just need to sit down and finish it.
Hope123
Posted: Monday, April 22, 2019 9:58:34 AM

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Location: Burlington, Ontario, Canada
Thanks, Proggy. I'll check them out. I know there have been concerns about the US and some companies in both countries with the Great Lakes waters.

I haven't read Atwood's book recently and vaguely remember trying to read it years ago but not finishing it. About a year ago I got a couple of her other books online at the library but was not enjoying them. I watched that "Gracie" series for the most part.and I did watch the TV series of Handmaid's Tale - it took a while to get inured to the cruelty and violence, but now just root for her to overcome. If it gets too bad, I fast forward.

They finished Atwood's story and added more. I believe there is another season being filmed. As I said, I vaguely recall she has written a sequel.
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