Climate change will likely become a source of shocks to the financial system that would lead to declines.
Editor's note · Context
Whitehouse warns about the financial risks posed by climate change.
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To deliberately ignore [the laws of physics] for short-term profits that set up people for huge, really bad impacts—if that’s not a good definition of evil, I don’t know what is.
But it ought to be pretty plain to people that when a new administration comes to Washington, it is not the ordinary and appropriate thing to start filling your own pockets, your friends’ pockets, your political allies’ pockets with public…
Once this comes home to roost in people’s homes, in their family finances, in really harmful ways, that [will be] motivating in a way that we haven’t seen before around this issue.
The thing that's particularly dangerous about it is that this is probably a test case.





