<
https://www.bloomberg.com/opinion/articles/2025-05-02/carbon-costs-corporate-america-owes-us-87-trillion>
"Most climate-change deniers don’t even bother fighting the established science
anymore: The planet is warming, human activity is the cause, and we can do
something about it if we really try. Modern deniers will concede all that, but
fire back that the “do something about it” part is too hard, too expensive to
be worth trying. We have to be pragmatic, they’ll say, and keep burning fossil
fuels to make life easier on people.
But we keep finding evidence that
not doing something about it will be far
more expensive and hard on people. Being truly pragmatic means leaving fossil
fuels behind as quickly as possible.
The latest clue comes from those known lefty rabble-rousers at the, uh,
University of Chicago Booth School of Business and the University of
Pennsylvania’s Wharton School. Booth finance professor Lubos Pastor and two
Wharton researchers recently estimated that the social cost of the carbon
emissions of US companies will amount to a cool $87 trillion through 2050. That
was 131% of the total value of corporate equity at the time they measured and
about three times the size of GDP. "
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
