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Wall Street Banks Warn: Climate Inaction Will Cost Trillion of Dollars - The Ring Of Fire
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September 8, 2015
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3:29Now PlayingAs President Obama heads to the Arctic to discuss climate change, just mere weeks after approving Shell Oil’s bid to drill for oil in the fragile environment, a very different group is sounding the alarm over the dangers of a warming climate. That group, surprisingly, is Wall Street bankers.
Citibank has released a new report showing that taking action now against the growing threat of climate change would save an astonishing $1.8 trillion by the year 2040. Conversely, the report says that if no action is taken, the economy will lose as much as $44 trillion during that same time period.
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