Posted by: Sandy Steinman | December 17, 2017

World Financial Community Starting Act Based Climate Change

The New York Times reported on major policy shifts by the financial community, insurance companies and even fossil fuel producers that recognize the consequences of climate change

It’s hard to be optimistic about climate action, not in a week when federal scientists reported that “the Arctic shows no sign of returning” to the “reliably frozen region of recent past decades.” Not in a month when California’s wildfires show every sign of burning straight through Christmas. And not in a moment when the federal government keeps scrubbing basic climate information from its websites.

But something big is starting to shift. After years of effort from activists, there are signs that the world’s financial community is finally rousing itself in the fight against global warming. A foretaste came last month when Norway’s sovereign wealth fund — the world’s biggest — said that it is considering divestment from holdings in fossil fuel companies.

Read full story at Cashing Out From the Climate Casino – The New York Times


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