Daily Archives: July 25, 2015

Investors could lose $4.2tn because of climate change, report warns

Investments in fossil fuel companies face serious risk from global warming, research by the Economist Intelligence Unit shows

The future is grim for private holdings in fossil fuel companies over action – or inaction – around climate change. Photograph: Daniel Reinhardt/EPA

Terry Macalister

Friday 24 July 2015 13.28 EDT

Private investors stand to lose $4.2tn (£2.7tn) on the value of their holdings from the impact of climate change by 2100 even if global warming is held at plus 2C, a report from the Economist Intelligence Unit (EIU) has warned.

If firm action is not taken at the forthcoming climate change talks in Paris and the Earth’s temperature warms by a further 5C then investors are facing losses of almost $7tn at today’s prices, new research shows.

This is more than the total current market capitalisation of the London Stock Exchange with impacts on company holdings that will come not just through extreme weather damage but also through lower economic growth.

The report argued that financial regulators should properly recognise “systematic environmental risk”. It also called for a proper carbon price to be established as well as a tough new climate change treaty to be agreed in Paris.

The latest assessments of the rising risks posed to the global financial system lends enormous new weight to those who are already arguing that companies must be made to disclose their carbon emissions.

“Investors currently face a stark choice. Either they will experience impairments to their holdings in fossil fuel companies should robust regulatory action on climate change take place, or they will face substantial losses across the entire portfolio of manageable assets should little mitigation be forthcoming,” said Brian Gardner, the editor of an EIU report, entitled The cost of inaction: recognising the value at risk from climate change.

(read more).

Global Climate Change
Environment Ethics
Environment Justice

Pluto pictures in 60 seconds – CBBC Newsround

Since the New Horizons probe started sending back detailed information about Pluto this month we’ve given you headline after headline of increasingly better quality snaps.

Now Newsround has compiled all the pictures of Pluto so far into one manageable minute…

You are welcome.

Read more

New Horizons probe: Six things we’ve learned about Pluto
Latest pictures reveal more about Pluto
Pluto photos: Nasa images reveal mountains
Newsround’s cool facts about Pluto

Global Climate Change
Environment Ethics
Environment Justice

Facebook is blocking anti-Monsanto news

RT America

Published on Jul 22, 2015

Prominent health writer, Anthony Gucciardi, recently tried to share a post about the Safe and Accurate Food Labeling, which just passed the Agriculture Committee and is heading to the House floor. The article was about how the bill would overturn any state’s attempt to mandate labeling for GMOs and Monsanto’s role in the controversy. Facebook blocked his post, and thousands of other users have experienced the same. The Resident discusses.

Global Climate Change
Environment Ethics
Environment Justice