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#Post#: 14258--------------------------------------------------
Hank Paulson on Global Warming
DIR By: rapids_60
Date: June 24, 2014, 9:56 pm
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Yes, former mega banker and Bush treasury secretary. Probably a
Conservative, lol.
HTML http://www.nytimes.com/2014/06/22/opinion/sunday/lessons-for-climate-change-in-the-2008-recession.html?emc=edit_tnt_20140621&nlid=49467453&tntemail0=y&_r=3
The Coming Climate Crash
There is a time for weighing evidence and a time for acting. And
if there’s one thing I’ve learned throughout my work in finance,
government and conservation, it is to act before problems become
too big to manage.
For too many years, we failed to rein in the excesses building
up in the nation’s financial markets. When the credit bubble
burst in 2008, the damage was devastating. Millions suffered.
Many still do.
We’re making the same mistake today with climate change. We’re
staring down a climate bubble that poses enormous risks to both
our environment and economy. The warning signs are clear and
growing more urgent as the risks go unchecked.
I’m a businessman, not a climatologist. But I’ve spent a
considerable amount of time with climate scientists and
economists who have devoted their careers to this issue. There
is virtually no debate among them that the planet is warming and
that the burning of fossil fuels is largely responsible.
In a future with more severe storms, deeper droughts, longer
fire seasons and rising seas that imperil coastal cities, public
funding to pay for adaptations and disaster relief will add
significantly to our fiscal deficit and threaten our long-term
economic security. So it is perverse that those who want limited
government and rail against bailouts would put the economy at
risk by ignoring climate change.
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