this post was submitted on 01 Apr 2025
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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.

[–] AtariDump@lemmy.world 8 points 3 days ago

[–] Cruxifux@feddit.nl 8 points 3 days ago

Thank god someone’s looking into the profits.

[–] thefluffiest@feddit.nl 7 points 3 days ago (1 children)

That gonna be tough when Wall Street is under water

[–] corsicanguppy@lemmy.ca 1 points 3 days ago* (last edited 3 days ago)

Will I be telling stories of riding the PATH and MTA to my nephews and have to explain why we don't have subways anymore? The pedestrian tunnels go 40 feet down, after all.