climate change
9 statements across 8 episodes · 1 bullish · 3 bearish · 9 people on the record · first statement Apr 29, 2019 by Matt Levine · across every show →
Everything said about climate change, oldest first
Apr 29, 2019
Levine: Securities fraud awkwardly treats shareholders as the victims of bad behavior
“The actual victims of the actual bad things are rarely shareholders, right? They're like the people being harassed or the citizens of the world who are suffering from climate change. And it's philosophically awkward to treat all of that as being about sharehol…”
Jun 15, 2020 neutral
Pricing carbon in 2000 would have cheaply capped warming near 1°C.
“Had we addressed this 20 years ago, wouldn't have been that costly. We could have had a very smooth transition, and the maximum temperature would be somewhere around where we are today. Which is to say, not great, but not catastrophic.”
Jun 22, 2020 bearish
Blood: Generation has avoided hydrocarbon investments for a decade on economic grounds
“So, for example, we have not owned energy businesses for a decade. We've not owned hydrocarbon businesses because we don't think they're priced properly. They haven't really priced the fact of climate change, and we think they have a significant stranded asset…”
Jul 8, 2021 negative
Grantham: Human optimism bias drives financial bubbles and climate denial
“It's our ability to focus on optimistic thoughts and avoid unpleasant ones. It really is. It's what enables us to have South Sea bubbles, tech bubbles. It's what enables us to ignore the downside of climate change until it bites us”
Jul 8, 2021
Shahidi: Climate change will directly impact corporate bottom lines
“Climate change could easily be one of those things and the risks associated with that. So I think we're starting to see asset allocators factor that in to their strategies. It's not just something to do because you feel good about it, but it's something that m…”
Feb 21, 2022
Nov 28, 2022 bearish
Van Vleet: Climate change makes property-casualty insurance underwriting impossible
“It just, I, I've come to recognize that, well, I think the insurance business, property casualty in particular, is just going to be impossible to judge how much premium you should charge, given the climate change issues.”
Mar 13, 2023
Orum: Capricorn Allocates 60% to 70% to Climate Strategies
“About 60 to 70% of our portfolio is oriented towards strategies addressing climate change. About 20% is oriented towards financial inclusion and seeking different ways to get capital to undercapitalize entrepreneurs, businesses, segments of the economy, commun…”