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Big money enters global warming battle
Posted on Monday, July 05, 2004 @ 23:08:48 GMT by vlad

Investors Swiss Re, the world's second-largest reinsurance company, recently warned that the costs of natural disasters caused by global warming is threatening humanity with a catastrophe of its own making.

Not only has Swiss Re been sponsoring documentary films about the problem that many of us have seen, but also it has been in discussion with almost 300 banks and investment companies with well over $1 trillion in assets. The purpose is to get the message across that stocks of corporations which are causing massive carbon dioxide releases will be sold off if action isn't taken to turn the situation around.

As the value of oil company stocks for instance begins dropping, investment companies will support CO2 neutral energy technologies. Green alternatives to fossil fuels should get a rapid boost from such a strategy.

In its report on how climate change is nearing the top of the corporate agenda, Swiss Re said the climatic disasters threaten to double to $150 billion per year in 10 years.

Reinsurers like Swiss Re insure insurance companies against catastrophic losses and if it deems ocean front homes for instance as too risky to insure because of rising sea levels then no insurance will be available for those people.

Global warming is expected to trigger increasingly frequent and violent storms, heat waves, flooding, tornadoes and cyclones while other areas get colder and dryer. Sea levels are continuing to rise, glaciers retreat and snow cover decline.
(Source :www.swissre.com and Common Ground magazine, Ca)



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"Big money enters global warming battle" | Login/Create an Account | 6 comments | Search Discussion
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Re: Big money enters global warming battle (Score: 0)
by Anonymous on Tuesday, July 06, 2004 @ 09:01:40 GMT
A hostile takeover of a big polluter, kicking the fatcat CEO out onto the street without a golden parachute would do a lot to get everybody's mind right in the executive suites of the world. Insurance companies have the most to lose from climate change, and its time the rest of them woke up to an impending catastrophe.

Re: Big money enters global warming battle (Score: 1)
by kurt9 on Tuesday, July 06, 2004 @ 11:20:31 GMT
(User Info | Send a Message) http://www.metatechnica.com
Perhaps Swiss Re and those 300 banks and investment companies would like to put some serious money into some of the new energy concepts here.

Some of the more reasonable appearing ones are:


If none of the new energy stuff (alternative fusion and ZPE) turns out to be real, there is always the integral fast reactor fission power concept that appears to be a significant improvement over current nuclear power. Do a google search on "integral fast reactor" to find all of the information.

My problem with these kind of announcements is that these people or companies making them do not appear to be so willing to put their money where their mouth is, or they think the problem can be solved with piddle-power.

Big Fascist Europeans enter global warming battle !!!! (Score: 1)
by bodebliss on Tuesday, July 06, 2004 @ 23:56:47 GMT
(User Info | Send a Message) http://picoscience.8m.com/
Global Warming Tied To Fascism

Global Warming Right Inline With Prior Interglacial Of 430,000 Years Ago

Global Warming Tied To Sun's Variability

The Resurgent Sun: Twice As Many Reasons Why It's Getting Hotter

I was watching TVision and some french journalist were on talking about how European media wasn't free and if you go against the socialist line how America is bad, and capitalism is bad, and industrialization is bad then you'll lose your yob.

Get It !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Don't be brainwashed by the neo-fascists!

Read my articles, and think about a world w/ no electricity, phones, cultivated crops, new medicines, innovations, fast transportation.

Europe can mouth all they want about America's need for military expenditure because they if it had not been for our spending there wouldn't be a Europe today. They don't spend on weapons so we have to.

Bode Bliss


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