Abrupt Climate Change To Prompt Financial Implosion - Can. Financial Firm

[hatrack]

A financial services firm has published a report forecasting far-reaching and "dire" impacts from the prospect of rapid climate change.

Toronto-based Sprott Asset Management recently released a report called "Investment Implications of Abrupt Climate Change," which said that there is potential for disruptions to the global economy if there is a rapid change in climate from global warming.

Increasingly, businesses are adapting to climate change. Insurance firms, for example, are reevaluating their risk from natural disasters. Investors, meanwhile, are pouring money into renewable energy, like solar, and other clean technologies.

The Sprott study compiles scientific data on global warming and plays out possible scenarios, including a rapid change in climate, and reports on several indications of climate change already. Regardless of how quickly climate change occurs, the report concludes that "global warming will need to be factored into investment decisions going forward."

EDUT

http://news.com.com/2061-11204_3-6095391.html

[n2doc]

1. This is the thing that really gets me

The right wingers alway say "ooh, those environmentalists are bad for business and their policies will cost us jobs!" when the exact opposite is true and ALWAYS has been. Gore does a great job near the end of his movie explaining why leaving the mileage goals low hurts car makers-they can't export their gas guzzlers to other countries. Now we are gonna get hit will all kinds of warming-related disasters that will cost trillions , yet working on the problem is "bad for business" .Idiots...

[phantom power]

2. I'm glad people are thinking about this, but...

I wonder how many of them realize that we're all going to have bigger problems than maintaining the growth of our retirement portfolio in the event of abrupt climate change?