Profiting from Climate Change

by Gary Olson

A recent Bloomberg View (2/24/14) headline reads, “Profit From Global Warming or Get Left Behind.” In his new book, WINDFALL (New York: Penguin, 2014), veteran journalist McKenzie Funk traveled the globe for six years, following the money in twenty-four countries to profile “hundreds of people who felt climate change would make them rich.”

In a separate interview, Funk notes that “on Wall Street you no longer get a lot of climate denial.” Largely indifferent to the causes of climate change, his respondents decided early on that investing in green technology was a losing proposition. Instead “the warmer the world, the less habitable it became, the bigger the windfall.”

In 2008, Royal Dutch Shell developed two sophisticated climate-risk scenarios called Blueprints and Scramble. The first modeled a greener future while the latter predicted – due to government inaction – a future of droughts, floods, heat waves and super storms. By 2012, Shell executives confided to Funk “We’ve gone to Scramble. This is a Scramble kind of world. This is what we’re doing.” Another Shell official opined “I will be one of those persons cheering for an endless summer in Alaska.”

More:  http://www.commondreams.org/view/2014/03/31-6

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About Clare Swinney

Interested in what is really going on, not that promoted as "truth" by the corrupt mainstream media.
This entry was posted in Economy, Global Warming Hoax. Bookmark the permalink.

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