Climate Change Scam to Cost $2.3 TRILLION Over Next Five Years

The United Nations wants your money and your job.  They are using a scientific scam, climate change, as the excuse to kill off capitalism, promote totalitarianism and create a world wide Depression.  The transfer of over two trillion in the next five years kills innovation, growth, anti-poverty measures and the will to survive.

“— Tighter government climate regulations by 2025 could wipe up to $2.3 trillion off the value of companies in industries ranging from fossil fuel producers to agriculture and car makers, an investor group warned in a report.

Rules aimed at lowering carbon emissions are expected to accelerate in the coming years as countries scramble to meet obligations under the 2015 Paris climate agreement limiting global warming.

Any abrupt policy shifts risk severely disrupting current investment strategies, U.N.-backed Principles of Responsible Investing (PRI), a group representing investors with $86 trillion of assets under management, said in a report.

“As the realities of climate change catch up, social pressure mounts, and low carbon solutions get cheaper, it’s highly improbable that governments will be allowed to let the world sleep-walk into greater rises in temperature without being compelled into forceful action sooner,” PRI Chief Executive Fiona Reynolds said.

You read that right—the United Nations wants to prevent a climate change crisis by taking over our government—for our own good.  This is another reason to kick the UN out of the US and make the building a homeless shelter—let it do some good.

Climate change policies are going to be costly, says U.N.-backed report

Reuters,  12/9/19 

LONDON — Tighter government climate regulations by 2025 could wipe up to $2.3 trillion off the value of companies in industries ranging from fossil fuel producers to agriculture and car makers, an investor group warned in a report.

Rules aimed at lowering carbon emissions are expected to accelerate in the coming years as countries scramble to meet obligations under the 2015 Paris climate agreement limiting global warming.

Any abrupt policy shifts risk severely disrupting current investment strategies, U.N.-backed Principles of Responsible Investing (PRI), a group representing investors with $86 trillion of assets under management, said in a report.

“As the realities of climate change catch up, social pressure mounts, and low carbon solutions get cheaper, it’s highly improbable that governments will be allowed to let the world sleep-walk into greater rises in temperature without being compelled into forceful action sooner,” PRI Chief Executive Fiona Reynolds said.

“This poses huge threats for assets and for the wider system.”

Most exposed is the fossil fuel sector which could lose one third of its current value, the report said. Fossil fuels account for around two thirds of global greenhouse gas emissions.

Coal firms could lose as much as 44% in value, while the world’s top oil and gas companies risk losing up to 31% of their current market share, according the report which forecasts oil demand peaking around 2027.

The analysis showed that broad index-based funds such as the iShares MSCI ACWI ETF could lose up to 4.5% or $2.3 trillion in its value under the most extreme scenario.

The shift would nevertheless also lead to winners.

Auto makers heavily invested in electric vehicles and electric utility firms using low-carbon power could more than double their values, the report said.

The report came out as world leaders meet in Madrid for the 2019 United Nations climate change conference, known as COP25.

About Stephen Frank

Stephen Frank is the publisher and editor of California Political News and Views. He speaks all over California and appears as a guest on several radio shows each week. He has also served as a guest host on radio talk shows. He is a fulltime political consultant.

Comments

  1. Again the issue of CARBON!!!

    CARBON is coming, CARBON is coming!!!

    Now about solar and wind and storage. What is the toxic component of the new batteries that have not hit society because they are so new.

    What is the long term toxicity of producing solar panels.

  2. Wait wasn’t there a Vice-President of the United States, under Obama that stated the sea rise would rise a foot in a decade?

    Did it happen?

    NO!

    Remember CARBON IS COMING!

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