Surely even the most one-eyed deniers are hedging their personal investments by now?
Our biggest financial threats are:
- government taking on more of the carbon risk by underwriting and subsidising fossil fuel mining and power generation projects;
- government increasingly stepping in as insurer of last resort for climate-related "catastrophes" - socialising the losses of increased drought, fires, extreme weather events.
Our current governments seem to be doing both of these things (with support and urging of their oppositions).
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