Big Banks Quietly Prepare for Catastrophic Climate Change

Big Banks accept a Catastrophic 5.4º F. Temperature Rise, Hope to sell People more Air Conditioners

Ann Arbor (Informed Comment) – Corbin Hiar reports at the Scientific American that the big banks are now banking on a 5.4º F. (3º Celsius) rise in global temperatures above the pre-industrial average. Morgan Stanley let the conclusion slip in a report on air conditioner sales, which it expects to double, what with the extra heat. Hiar says that especially after the election of Trump, the banks accept that that is just the way it is going to be. …

Big Banks Quietly Prepare for Catastrophic Climate Change

Morgan Stanley, JPMorgan and an international banking group have quietly concluded that climate change will likely exceed the Paris Agreement's 2 degree goal and are examining how to maintain profits

Big banks predict catastrophic warming, with profit potential

Morgan Stanley, JPMorgan and an international banking group have quietly concluded that climate change will likely exceed the Paris Agreement's 2 degree

Major Banks to Replenish Capital

Major Banks to Replenish Capital - Also in today’s rundown: State-owned carmakers’ plan to boost EV competitiveness, CK Hutchison says it has not made decision on spinning off telecom assets

Major regulatory shift as OCC ends climate guidance for banks

The Office of the Comptroller of the Currency (OCC) has announced a significant policy reversal by withdrawing its participation in the established

E&E News: Big banks predict catastrophic warming, with profit potential

Morgan Stanley, JPMorgan and an international banking group have quietly concluded that climate change will likely exceed the Paris Agreement's 2 degree goal.