Seeking Alpha

Paulson, Bloomberg, Steyer: Global warming is risky business

  • 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).
Comments (8)
  • Tricky
    , contributor
    Comments (1583) | Send Message
    The click bait comes early today.


    Let the games begin.
    24 Jun, 11:58 AM Reply Like
  • Ted Bear
    , contributor
    Comments (577) | Send Message
    When corporate America gets done raping the land, then they might think about being environmentally conscious (if they can find a way to make money from it).


    It is just amazing how companies can still be talking about fracking, burning coal, running pipelines through pristine lands, further drilling for oil, and dumping toxic waste into rivers with hardly a care.


    As much as I despise Hank Paulson for what he did to this country during the financial crisis, thank god for his group (The Nature Conservancy) in their effort to protect what we have left, and raise some sort of level of consciousness that we can't completely consume our earth and expect to be able to still live on it.
    24 Jun, 11:58 AM Reply Like
  • tennis111
    , contributor
    Comments (57) | Send Message
    Yep, who needs oil flowing through safe pipelines from our friends up in Canada to help power our country and run our cars and planes? You just love that kool-aid. I hope that windmill in your back yard is supplying your power needs for ya'.
    24 Jun, 12:10 PM Reply Like
  • bobby44
    , contributor
    Comments (183) | Send Message
    The three wise men!
    I know we need the whack jobs in order to counter the naysayers. To understand the real basis of the report ask where these guys came from and what they have to gain.


    But lets get going with some sort of realistic progress. We do need to lessen our hydro carbon use and efficiency per unit. Some of that is already mandated but there is room for real improvement. Instead of jousting at the windmills get onto supporting the new technologies. It can be done but we need to take care of the present as well.


    As for the weather; we think we know it all having recorded history of a couple thousand years and weather history of less than 500 years. I remember learning (in school) we are living between the second and third ice ages. Could be true, but we have been successful as a species by adapting and not by doing a 'Chicken Little'.


    Get at it now.
    24 Jun, 12:06 PM Reply Like
  • Foggs Knackers
    , contributor
    Comments (11) | Send Message
    While virtually everyone agrees that human activity is affecting climate, no one knows what the long term consequences (good and bad, by the way) are going to be. And of course, no one has any idea how to meaningfully reduce carbon emissions. Some solar cells here, a carbon tax or two there will make absolutely no difference. Don't fight the inevitable, learn to live with it.
    24 Jun, 12:09 PM Reply Like
  • marpy
    , contributor
    Comments (693) | Send Message
    A report by the biased 3!!!! Credibility = zero. Common sense means sustainable development and when it comes to energy, getting it from the oil sands where America is guaranteed secure access and has a say in how its developed is a lot better than getting it from places that hate America as is the case now!!! Wake up Obama!!!!
    24 Jun, 03:33 PM Reply Like
  • HBigham
    , contributor
    Comments (10) | Send Message
    The primary risk relates to the negative consequences of government decisions that have and will be made trying to solve a problem that does not exist and for which their decisions would not correct if it did exist.
    24 Jun, 05:53 PM Reply Like
  • Ted Bear
    , contributor
    Comments (577) | Send Message
    Just heard Gartman blatting on CNBS..."Global Warming does not exist".


    Can't recall the last time he was correct on his calls (oil being the most recent), so it must be happening!
    25 Jun, 08:02 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: