Al Gore on Climate Change Risk
Do stock prices reflect the risks of climate change?
Investors need to examine the longer-term issues [and] integrate sustainability factors. There are very big problems that should cause all participants in markets to think long and hard about how those problems can be remedied. In hydrofracking for gas or oil in the state of Texas, for example, each new well requires 6 million gallons of water, and many of them are now active in counties that have extreme water shortages. The absence of a price on water carries the risk of misleading investors and CEOs into ignoring the value of water.
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