Jeri Dansky<p>Well, there's a headline that certainly captures the moment: Big banks predict catastrophic warming, with profit potential.</p><p>“We now expect a 3°C world,” Morgan Stanley analysts wrote earlier this month."</p><p>"The stunning conclusion indicates that the bank believes the planet is hurtling toward a future in which severe droughts and harvest failures become widespread, sea-level rise is measured in feet rather than inches and tropical regions experience episodes of extreme heat and humidity for weeks at a time."</p><p>"Morgan Stanley’s climate forecast was tucked into a mundane research report on the future of air conditioning stocks, which it provided to clients on March 17."</p><p><a href="https://www.eenews.net/articles/big-banks-predict-catastrophic-warming-with-profit-potential/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">eenews.net/articles/big-banks-</span><span class="invisible">predict-catastrophic-warming-with-profit-potential/</span></a></p><p>h/t <span class="h-card" translate="no"><a href="https://m.ai6yr.org/@ai6yr" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>ai6yr</span></a></span> <br><a href="https://sfba.social/tags/GlobalWarming" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GlobalWarming</span></a> <a href="https://sfba.social/tags/Climate" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Climate</span></a> <a href="https://sfba.social/tags/ClimateChange" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ClimateChange</span></a> <a href="https://sfba.social/tags/Capitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Capitalism</span></a> <a href="https://sfba.social/tags/Banking" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Banking</span></a></p>