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Re:Heads in the sand and climate change risks (1 viewing) (1) Guest

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TOPIC: Re:Heads in the sand and climate change risks
#1513
Ron F ()
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Re:Heads in the sand and climate change risks 1 Year, 5 Months ago Karma: 1  
Interestingly enough, I remember reading that T. Boone Pickens or another big-name investors was putting capital into water facilities earlier this year. Pickens may have given up on wind farms, but water is evidently a sure bet in his view.

I may be wrong on whether the investor was Pickens, though. But I distinctly recall there was a boomlet going on in this area earlier in the year. Anyone recall the details?
 
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#1526
Re:Heads in the sand and climate change risks 1 Year, 4 Months ago Karma: 0  
Not sure how companies can quantify the effects of climate change on their operations. The sea will rise two feet over the next ten years, so we're going to move all our coastal factories elsewhere?

Seems like the increase in catastrophic weather--particularly hurricanes--is the biggest risk posed to commerce. I'm guessing some insurers already have products to mitigate that risk, however. I'm also guessing companies have to pay through the teeth for such policies.
 
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#1528
Re:Heads in the sand and climate change risks 1 Year, 4 Months ago Karma: 2  
The threats to businesses will come from many sources other than hurricanes. For example, drought, threats to water supplies, and fire are a major concern for companies and their supply chains. Then there are completely different threats--suits and other actions from shareholders and governments, for example.

U.S. insurance companies have been very slow to devise policies to address potential risks. European companies, particularly reinsurers, have been much more active in this area.

In terms of hurricanes and flooding, first of all, companies need to rethink where they build new facilities. For existing facilities, they can a)remove operations where it is feasible and place them in a less flood-prone area b) create emergency back-up plans c)retrofit facilities.

It is, indeed, possible to analyze the potential threats and come up with a comprehensive plan to deal with as many as possible. Few companies are doing this.
 
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#1815
Re:Heads in the sand and climate change risks 1 Year, 2 Months ago Karma: 0  
Many companies may not be focusing on the environment, but employees are. In a new survey from Kelly Global Workforce Index, nearly 90 percent of those surveyed said they are more likely to work for an organization perceived as ethically and socially responsible.

Eighty percent of respondents said they would be likely to work for an organization considered environmentally responsible.

So the environment as a recruiting and retention tool? Perhaps. When the talent wars heat up, employers may not want to be empty-handed on the environmental front.
 
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#2355
Re:Heads in the sand and climate change risks 1 Week, 4 Days ago Karma: 2  
One thing seems true--employees are way ahead of companies and government on this in the US. For attracting twenty-somethings it's a big deal, an issue that's very meaningful to them. This is true in other countries, but striking here, because government and companies have been so slow to do anything.
 
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#2358
Re:Heads in the sand and climate change risks 4 Days, 10 Hours ago Karma: 2  
I should add that, with recent catastrophic events like the flooding in Australia, there's new pressure on insurance and reinsurance companies to examine their approach to weather related problems. Of course, people will say that there's no definite proof that climate change caused any of these events. But if you look at the overall pattern, it's hard to deny there's a trend towards increasingly Biblical events.
 
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