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Late Knight

Profile Information

Name: Dag
Gender: Male
Hometown: Exurbs of Boston
Home country: U.S.
Member since: Sun Dec 2, 2018, 06:10 PM
Number of posts: 26

Journal Archives

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Source: Accused Russian spy Maria Butina appears to have reached plea deal

Published on 10 Dec 2018

Anna Chapman was WAY hotter!

Tackle climate or face financial crash, say world's biggest investors

Source: Guardian

Global investors managing $32tn issued a stark warning to governments at the UN climate summit on Monday, demanding urgent cuts in carbon emissions and the phasing out of all coal burning. Without these, the world faces a financial crash several times worse than the 2008 crisis, they said.

The investors include some of the world’s biggest pension funds, insurers and asset managers and marks the largest such intervention to date. They say fossil fuel subsidies must end and substantial taxes on carbon be introduced.

Ministers arrived at the UN climate summit in Katowice, Poland, on Monday for its crucial second week, when the negotiations on turning the vision of the Paris agreement into reality reach a critical point, with finance for fighting global warming a key area of dispute.

“The long-term nature of the challenge has, in our view, met a zombie-like response by many,” said Chris Newton, of IFM Investors which manages $80bn and is one of the 415 groups that has signed the Global Investor Statement. “This is a recipe for disaster as the impacts of climate change can be sudden, severe and catastrophic.”

Investment firm Schroders said there could be $23tn of global economic losses a year in the long term without rapid action. This permanent economic damage would be almost four times the scale of the impact of the 2008 global financial crisis. Standard and Poor’s rating agency also warned leaders: “Climate change has already started to alter the functioning of our world.”

Read more: https://www.theguardian.com/environment/2018/dec/10/tackle-climate-or-face-financial-crash-say-worlds-biggest-investors

Maybe they'll listen to the Money Men. (Trump won't, but he's gonna be leaving the stage fairly soon.)

The Apocalypse Escape Plan Of The One Percent

Published on 8 Dec 2018

Ultimately, these rich fucks are fools. Yes, they'll survive global warming longer than the rest of us, but the most they will achieve is a stay of execution, a very temporary reprieve from the inevitable.

Donald Trump: The Sitcom Misogynist

Posted the day before he was sworn in.

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