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 ...
Biden should be looking out of a jail cell or up at the gallow rope not at climate change risks. This man caused the deaths of many people and should be held to account.....
Current events do have a strange feel to them. I expect some real troubles.
“Biden looking at climate change risks to financial markets...”
Lol! The Climate Change joke is a hoot! The Marxists are masters at juvenile pranks and propaganda because they know America is half full of mind-numbed zombies that will fall for this crap every time.
Yell “The sky is falling!” they will run for cover. Wave a fish in front of them and they turn into clapping seals. Complete suckers that all move in unison no different then a herd of sheep being controlled by a barking government dog.
The government knows it’s too easy!
Every issue has a tax hook waiting for it democrats wink.
I saw that posted here earlier.
Amazing, their models were incorrect again...
GIGO.
Climate is so complex, that our models are nonsense.
The algorithm must account for every variable exactly as it truly is in nature. Good luck with that.
Eff u....you pervert...and your shadow government too
If ever there was an example of a fake news report, this is it. What a bunch of BS!
But their goal is not to solve problems except for the problem of how to gain more control over our lives and the workings of the US. They are particularly adept at that one.
Looks like we’re desperate to change to topic from Afghanistan to anything else… Ida, climate change, covid, etc
Partisan Media Shill alert.
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