Big Banks Quietly Prepare for Catastrophic Warming

By Matrice Jacobine @ 2025-04-02T16:10 (+5)

This is a linkpost to https://www.scientificamerican.com/article/big-banks-quietly-prepare-for-catastrophic-climate-change/

Morgan Stanley, JPMorgan and an international banking group have quietly concluded that climate change will likely exceed the Paris Agreement's 2 degree goal and are examining how to maintain profits

jackva @ 2025-04-02T20:22 (+4)

Interesting framing, but essentially the banks are just saying what has been clear for many years now -- the thing that has changed is that the political context now makes it easy and advantageous to say it while this was different before.