[MCN] Big Money to utilities industry: Wise up on climate change

[Lance Olsen]

"Analyses from BlackRock, Morgan Stanley and others reflect what the world is learning in the COVID-19 fight <https://www.nytimes.com/interactive/2020/03/19/world/coronavirus-flatten-the-curve-countries.html>: Aggressive action proactively addressing systemic risk produces better outcomes than pretending there is little risk. For utilities, the data shows that addressing climate-related risks with system hardening and emissions reductions attracts investors and shifts stock valuations, while relying on business as usual discourages investors and increases stock price volatility.”

<<https://www.utilitydive.com/news/blackrock-morgan-stanley-to-utilities-tackle-climate-related-risks-or-los/575073/ <https://www.utilitydive.com/news/blackrock-morgan-stanley-to-utilities-tackle-climate-related-risks-or-los/575073/>>>


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“We are living on the surface of this planet … and with its climate and atmosphere. 
It has always been the task of mankind to find the right answer to the problem 
these conditions set us, and even today we cannot think that we have found a 
sufficient answer.” 
p. 131

The Individual Psychology of Alfred Adler
by Heinz L. and Rowena R. Ansbacher, eds.
1956. Basic Books

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