The corporate climate migration has begun
The corporate climate migration has begun
Andrew Freedman at Axios
https://www.axios.com/corporate-climate-change-migration-extreme-weather-e717dac8-268f-46a7-8b8b-8e6919b4eee3.html
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Companies large and small, some with longtime roots in their neighborhoods, are on the hunt for new real estate that is less prone to weather and climate extremes.
Why it matters: The corporate migration underway indicates vulnerable communities may see an exodus of large employers in the coming decades as oceans encroach. Inland areas prone to flooding or wildfires mare see similar challenges.
Driving the news: Within the past three years, tech giant Hewlett Packard Enterprise, a major hospital in South Carolina, and the nation's eighth-largest airline by passengers carried have all decided to move their infrastructure to higher ground.
* Last month, Roper St. Francis Healthcares 332-bed facility on Charleston peninsula, home of a larger medical campus, announced a $500 million plan to move inland after repeated bouts of flooding during both coastal storms and so-called "sunny day flooding."
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