Greenwashing Has Suddenly Become Very Expensive

Watts Up With That?

green-drain-money

Guest essay by Eric Worrall

Companies which took the easy route of paying lip service to climate issues, instead of opposing green lies, may be about to pay a high price for their decades of complacency.

According to the WSJ;

Enlist the Market in the Climate-Change Fight

Standardized disclosure of climate risk will help secure long-term value for investors and taxpayers.

Even before the devastating flooding began in Louisiana last week, and we learned that July 2016 shattered all global temperature records, mounting data had demonstrated the growing risks climate change poses to the global economy. Whether you are an investor assessing the $2 trillion in bonds that Moody’s found carry elevated near-term climate risk, one of the nearly two million U.S. homeowners facing significant risk from climate-related flooding, or a U.S. taxpayer staring at $360 billion in direct government costs from extreme weather over the past decade—these threats are…

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About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at https://utopiayouarestandinginit.wordpress.com/2014/03/12/why-call-my-blog-utopia-you-are-standing-in-it/

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