As Extreme Weather Batters Farm Country, Banks Ignore Climate Risks
"The effects on agriculture of more frequent and intense natural disasters could overwhelm lenders, destabilize the food supply and disrupt the global economy."
"The effects on agriculture of more frequent and intense natural disasters could overwhelm lenders, destabilize the food supply and disrupt the global economy."
"Along the coast of Northern California near the Oregon border, the cool, moist air off the Pacific sustains a strip of temperate rainforests. Soaring redwoods and Douglas firs dominate these thick, wet woodlands, creating a canopy hundreds of feet high. But if you travel inland the mix of trees gradually shifts."
"Fossil fuel trade groups in Louisiana and New Mexico rallied Democratic governors in opposition to President Joe Biden’s executive order pausing new oil and gas leasing on federal lands and in offshore waters, newly released emails show."
"California water officials have moved to stop Nestlé from siphoning millions of gallons of water out of California’s San Bernardino forest, which it bottles and sells as Arrowhead brand water, as drought conditions worsen across the state."
"Donald Trump called climate change “a Chinese hoax” and said global emissions goals would be “very hard on our business.” But when the former president pulled the U.S. out of the Paris accord in 2017, there was no celebrating in the C-suite."
"Bitcoin? Blasé. Gold? Going out of style. “The hottest commodity on the planet,” according to Dustin Jalbert, an economist at the market-research firm Fastmarkets, is lumber." "Blame climate change, wildfires, hungry beetles … and Millennial home buyers."
"President Joe Biden is exploring the idea of a border adjustment tax that would slap a levy on imports from countries with weaker climate policies, John Kerry, the White House’s special envoy for climate said Friday."
"At a hearing on Thursday, 17-year-old Swedish climate activist Greta Thunberg offered [Biden] some advice on a way to do so: ending all subsidies to the dirty energy sector."
"The White House on Wednesday announced an effort to provide immediate support to farmers, tribes and communities suffering from worsening drought conditions in the Western United States."
"From weatherization funds to electric vehicles, the White House made compromises to enlist a broad coalition that includes labor and communities of color".