Paulson, Bloomberg, Steyer: Global warming is risky business

|By:, SA News Editor

Former Treasury Secretary Henry Paulson, ex-NYC Mayor Michael Bloomberg and hedge fund billionaire Tom Steyer team up to release a report called Risky Business, that argues U.S. companies should treat climate change as any other business threat.

The report outlines the economic risks posed by climate change to the U.S., including extreme weather effects like hurricanes and rising sea levels that jeopardize more than $1.4T in coastal real estate; some Midwestern and Southern agricultural areas could see a decline in yields of more than 10% due to increased drought and flooding, according to the study.

Steyer is known in energy circles for his strong opposition to the Keystone XL pipeline (TRP).

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