GET ME REWRITE: Wall Street leads the way as we boogie our way to Doomsday

 

Headline:  New York Times, 6/20/2024

That means greenhouse gas emissions, over time, will take a larger toll than regulators are accounting for. As tools for measuring the links between weather patterns and economic output evolve — and the interactions between weather and the economy magnify the costs in unpredictable ways — the damage estimates have only risen. 

It’s the kind of data that one might expect to set off alarm bells across the financial industry, which closely tracks economic developments that might affect portfolios of stocks and loans. But it was hard to detect even a ripple. 

In fact, the news from Wall Street lately has mostly been about retreat from climate goals, rather than recommitment. Banks and asset managers are withdrawing from international climate alliances and chafing at their rules. Regional banks are stepping up lending to fossil fuel producers. Sustainable investment funds have sustained crippling outflows, and many have collapsed.

Related posts:

Wyoming provides the soundtrack as United States boogies its way to doomsday.  (5/7/2024)

Republican Party has a death wish for the planet and a plan to implement it.  (2/8/2024)

What's the matter with Iowa?  GOP voters boogie their way to doomsday with Vivek "climate change is a hoax" Ramaswamy.  (9/4/2023)

Cataloging the file of shame of broken climate promises,  (4/5/2022)

Dear Naomi, You say 'sleepwalking toward apocalypse', I say 'boogying our way to doomsday'.   Best, Retiring Guy.  (9/21/2019)