This May Be the Most Terrifying Sign of Global Warming Yet

If climate scientists, policy makers, and environmental activists haven't made it clear that our planet is pretty much doomed, maybe Wall Street will: bank tycoons are the latest — and perhaps the most self-interested — to join the chorus sounding the alarm on the now grim prospect of avoiding a climate catastrophe. Recent reporting by Scientific American has found that finance titans Morgan Stanley, JPMorgan Chase and the Institute of International Finance have all but given up on building a sustainable future. Instead, they're pivoting their strategies to stay profitable on a rapidly warming Earth, through investments in sectors like air conditioning, while pulling away from clean energy pledges, which were previously an industry standard. The shift in sentiment comes as the Paris Agreement — the massive international accord to hold global warming below 2 degrees Celsius (3.6 degrees Fahrenheit), an already low bar — is looking like a pipe dream. Recent scientific research has show ... Read full article.