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TokenBoomer@lemmy.world

Big Banks Quietly Prepare for Catastrophic Warming (www.scientificamerican.com)

submitted 4 days ago by TokenBoomer@lemmy.world to c/progressivepolitics@lemmy.world

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Morgan Stanley, JPMorgan and an international banking group have quietly concluded that climate change will likely exceed the Paris Agreement's 2 degree goal and are examining how to maintain profits.

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[–] Boddhisatva@lemmy.world 19 points 4 days ago (1 children)

Indeed, maintaining the bottom line will be challenging when people are starving and being killed in heat waves and catastrophic weather events.

[–] gargolito@lemmy.world 15 points 4 days ago

It was impossible to see it coming through all the short term gains in the way.