Mark Carney, Governor of the Bank of England, speaks during the bank’s financial stability report news conference. Photographer: Chris Ratcliffe/Bloomberg.

The Economy Will Do Better With Climate Action

The warnings pile up

Sheldon Whitehouse
1 min readJul 3, 2019

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This is a good overview. @AOC is correct that companies can’t be trusted: many are still funding the more powerful opposition (@USChamber, @ShopFloorNAM, @NFIB, @FarmBureau) trying to stamp out these tendrils of progress. #ClimateCosts

At the same time, big corporations feeling they have to do something is significant. It’s a signal of where the public has moved. Corps. don’t do this kind of thing without lots of market analysis so this must sell well. The public is clearly with us, as even Luntz polling shows.

It is a signal of where the economics are. Addressing climate is obviously a better business case than ignoring it, as repeated studies show. The last redoubt of climate denial is the false pretense that climate action will hurt the economy.

These companies know well that the economy will do much better with climate action. #ClimateCosts

Indeed the warnings of the cost of failure to act are ever more numerous and dire. #ClimateCosts

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