Big banks predict catastrophic warming, with profit potential. “We now expect a 3°C world,” Morgan Stanley analysts wrote earlier this month, citing “recent setbacks to global decarbonization efforts.”

8 comments

1. “with profit potential”

   If I could face palm any harder at that part of the sentence, I think I’d be turned into a pink mist.

2. “A 3 degree warming scenario, the analysts determined, could more than double the growth rate of the $235 billion cooling market every year, from 3 percent to 7 percent until 2030.”

   So after all this, all they got is a 5-year flimsy direct line to revenue model to supply turbo AC units in a risk scenario where the thermal conditions these machines operate in become increasingly load bearing.

   There’s no mention of business insurance, homeowners insurance, architectural planning, city planning, roof design, food systems… heat island effects.

3. 3 degrees wipes out many parts of India

4. Oh look, banks trying to make profits. How novel. /s

5. This is all BS. Genevieve Guenther believes this is fossil-fuel disinformation and that the latest studies about the economic impact of climate change show that it will disrupt the business environment entirely. She also points out that industries have been suppressing these reports for years.

6. Climate catastrophies from+3c warming mean profits for the Rich (DT and his buddies) but death and displacement for large swaths of society. Ask yourself if you’re one of the Rich…

7. Why does everything need to be about money

8. Can the news get any grimmer ? ☠️

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