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‘Huge’ Financial Risks Face Climate Change Deniers, Swedish Minister Says

Asa Lindhagen

Asa Lindhagen

Photographer: Kristian Pohl/Swedish Government

Companies and investors who fail to recognize how rapidly the planet is overheating are exposing themselves to enormous financial risks, according to Sweden’s minister in charge of financial markets.

“Climate risks are financial risks,” said Asa Lindhagen, whose portfolio as minister includes banks and asset managers. “If you do not deal with this, it is a huge risk for your business.”