Posted on 08/31/2021 8:22:07 AM PDT by Oldeconomybuyer
WASHINGTON — In a season of daunting wildfires and flooding, the Biden administration is taking an initial step to assess how climate change could harm financial markets — planning to launch on Tuesday a 75-day comment period on how the impacts could reshape the insurance sector.
Insurers face payouts from wildfires and flooding risks that could cause premiums to rise for many Americans, but they’re also among the largest investors in U.S. financial markets, with $4.7 trillion in assets as of the end of last year, according to the Treasury Department notice being posted in the Federal Register.
A senior Treasury official said the information gathered would help to more fully understand how climate change could potentially destabilize the stock, bond, commodities and housing markets and how to protect markets as a result.
The request for information comes as the United States is coping with the unmistakable costs of climate change, with wildfires raging in western states and Hurricane Ida knocking out power for New Orleans and hundreds of thousands of people in Louisiana.
(Excerpt) Read more at apnews.com ...
Damn, does this man have his finger on the pulse or what?!?
The communists are relentless. They are picking this country apart, and by 2024, it may be beyond saving.
AP
ALL PROPAGANDA .
STOP changing the subject you left wing rag with your left,wing hacks.
FAKE NEWS.
He has an agenda. A long list ot things he wants to do to this country. He’s about 1/10 of the way down the list.
They are picking this country apart...
sounds like they are ready to crash the markets. Could be a buying opportunity. Or our total destruction. Either one...
Planning? Planning? What evidence is there that this bunch has any capability for planning?
Those weavers made the most fabulous clothes for the Emperor, didn’t they?
I’ll have to agree with creepy uncle Joe on this one. Fraud, like the “Climate Change” hysteria, often leads to distortions and outright chaos in the markets. So, he is right to be concerned about “Climate Change Fraud”.
Who has an agenda? Biden?
Don't make me laugh.
But not military risks to sudden pullout....................
Yes. Thus is the mechanism of fascism and totalitarianism.
It is utter nonsense and not scientifically valid in any way.
Biden is just looking to mess up something different to draw attention from everything else he screwed up. Biden and leftists are an anti-pattern. They repeatedly solve problems with solutions that fail. A corollary is they repeatedly create problems to solve with failed solutions.
> a 75-day comment period <
And only comments that affirm Climate Change, please. True debate is not encouraged (or even tolerated) in this country anymore.
Yeah right. We didn't have wildfires and flooding when I was young.../s And this AP writer is a drams queen...
Yeah, the increasing sea ice story comes at a very inconvenient time.
The DNCCP was hoping to distract their brain-dead Fake News audiences from Afghanistan with “ climate change “.
No , Nancy has her finger up Joe’s you know what
Yep, when the markets collapse under Biden, he will say he forewarned us, we didn’t anything about climate change and now the markets collapse. Although, of course, it will have ZERO to do with climate change.
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