Carney’s comments on climate change inspired a private sector task force to make recommendations on how companies should disclose climate risk and have finally been decided upon. Kate Mackenzie, a climate finance think tanker, explains why they could be a game changer.
Elsewhere on Tuesday, - “The sugar industry paid scientists in the 1960s to play down the link between sugar and heart disease and promote saturated fat as the culprit instead, newly released historical documents show,” - Prop trading, evidence from the crisis. - The newer, hotter, communism. Click through the pic (which is really begging for a caption comp) for more:
Maybe you’re aware that productivity growth has been abysmal in recent years. Maybe you’ve even read Robert Gordon’s new book — or just one of the many summaries and critical reviews — and you worry gravely about what this means for future living standards.
From Kate Mackenzie, former Alphavillain and current climate-finance think-tanker ______________ Warren Buffett’s annual letter last week badly lets down any reader hoping to understand the implications of climate change for the general insurance and reinsurance sector. If Buffett had said climate change impacts are not a problem for ‘his’ insurance companies, because his managers are managing the risks thusly, that would be fine. It’d also be a fascinating read, if it went into some detail — unlikely though, because that would reveal competitive information. Unfortunately he chose to apply it to all of the insurance sector: