Is the U.S. inattentive to Global Warming because it might have a negative effect on corporate profits?

Question

If so, refrain from buying any waterfront property.

Answer 1

Yep.

Answer 2

In canada there is going to be a carbon tax because of SUPER STRONG OPINIONATED environment PEOPLE
ALSO rember when we had global coolling worrying about the environment is bad!
example Pollution isn’t going to "take over". Believe it or not, air quality, water quality etc. are much better now than they were a few decades ago throughout the western world, and most especially in the United States. The trend is towards further improvement. Basically, when people get sufficiently wealthy so they don't need to worry about food on the table and a roof over the head, they start demanding a cleaner environment.

Environmental conditions are much worse in second and third world countries. However, as those nations develop, there's no doubt in my mind that conditions will improve there as well.

I know this goes against the doom & gloom that kids are fed in school these days, but if you don't believe me, take a look at the numbers.

Answer 3

Actually the reverse might turn out to be true. All those people with waterfront properties will stop paying their mortgage when the area gets flooded, what can the bank repossess?
Just think of all the high value properties that big corporation have in cities like New York, and all those would have zero value if they are under water.
Each time a hurrican hits, insurance companies have to pay out, and that hurths their profit.
So, there should be interest in big corporation to stop it as well. That is why big corporations have written Bush and ask him to do something about it.

Answer 4

Kyoto cost...


Since February 16, 2005, the Kyoto Protocol has cost US$ 294,475,277,711 while potentially saving an undetectable 0.003053818 °C by the year 2050.

Malaria cost US$ 258,002,453,239 in lost GDP and 5,300,554 lives over the same period.

http://www.junkscience.com/

Swiss-based banking and investment giant UBS released a 106-page report with a section on "the investment risks and opportunities of climate change."

The report "takes the most up-to-date research on climate change, offers a detailed, sector-by-sector breakdown and identifies key investment opportunities and threats and translates it into concrete proposals for investment strategy," said a news release from UBS.

Mike Ryan, the company's head of wealth management research for the Americas, said the research is "at a relatively early stage, but I think it's progressing rapidly."

"While there is more agreement from the scientific community – there's more of a galvanized sense that climate change is real and it's been driven by man – the economic outcomes are still uncertain," he said in an interview from New York."We believe it will have a negative impact on growth, but from there it's very hard to determine which regions will be most severely affected, which industries will be the clear beneficiaries. This is something that's still in its nascent stages, but there's going to be an awful lot more follow-up work done."

Ryan added that "investment around climate change goes beyond just saying which companies are going to produce energy-efficient light bulbs or something." It means looking at which industries or groups could be affected by a warmer climate and the resulting government regulations, and what new technologies might emerge to help companies adapt.

The report lists areas that could be possible investment opportunities, including pure-play industrial biotechnology companies (especially enzyme producing companies), small turbine manufacturers, producers of insulation materials and high performance windows, global positioning systems and providers of real-time traffic information.

On the flip side, sectors that depend on climate conditions have a high level of physical exposure, as do those whose operations would be interrupted by extreme weather events. Those include agriculture, fisheries, forestry, water utilities and water-sensitive operations, as well as tourism, health care, insurance and offshore oil drilling.

http://www.thestar.com/article/176977

Answer 5

It will make the decision of what to replace the World Trade Center Twin Towers with rather moot.

San Francisco will become the city "IN the bay".

The good news is that the billions of displaced people formally living in the coastal towns and cities of the world can be relocated to either Antarctica or Greenland.

Sell your beachfront property and invest in the new future garden spot of the world ....... Siberia.

Answer 6

That was true in the past. Now, many business leaders are realizing that this will be a disaster of a size that will totally ruin their businesses. Things are changing.

"The science of global warming is clear. We know enough to act now. We must act now."

James Rogers, CEO of Charlotte-based Duke Energy.

Business leaders agree it's real and caused by man:

http://money.cnn.com/2007/01/22/news/companies/climate_emissions/index.htm

Answer 7

It is not just the U.S. It is the world. Other coutries have more poor air and less emissions standards. Look at areas of Germany. We are one of the few places in the world that does do something. I agree we can even do more but why is the U.S. responsible for getting the world to take action?

Answer 8

If you're reffering to the Kyoto accord, the US didn't sign because of the clause that exempts developing nations. Because they are exempt, it meand the major polluting industries can go to those countries and set up businesses with no pollution controls and the net effect of pollution will not change.

Answer 9

First polluter of GHG (CO2, CH4, etc.) USA 25% , second polluter China 9%, ...
It means that the average american produces 20 times what the average chinese produces.
Doesnt matter how much China will grow from now to 2012, the average chinese will not pollute as much as the average american does. That is because China is exempt.
The one and simple reason because USA did not sign was because american oil industry wants that you, americans, burn oil and pay for it.

Ask yourself who are in your government, do you see any business relationship among them and american oil industry? Do you see why U.S. is inattentive to Global Warming?

Answer 10

Very much like the plants we cant live without them. In the business world u cant live without them. No work makes john a very dull boy.

Answer 11

Bush is an oblivion idiot!
He is refusing the scientific facts of the global warming!