Last week’s New York Times op ed by ex-U.S. Treasury Secretary Henry Paulson (The Energy Mix, July 3) was just part of the coverage of Risky Business, a chilling report on the trillions of dollars in economic losses the U.S. could see this century as a result of climate change. “The greatest economic impacts will come in the form of vast losses to coastal property, a steep decline in worker productivity, devastation to agriculture and productive forests, and soaring energy costs,” Rheannon reports. And “here’s the thing. The report didn’t mention this, but any one of those impacts could set off a financial crisis that could dwarf the 2008 crash.” With Paulson, ex-Treasury Secretary Robert Rubin, billionaire climate activist Tom Steyer, ex-New York Mayor Michael Bloomberg, and others onstage to release the report, “a panel composed largely of Masters of the Universe told the American business community that it was time to get serious about global warming.”
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