Tuesday, March 21, 2006

Plugged In: Global warming could melt your portfolio - Mar. 21, 2006

Nice to see where business is succeeding where governments (especially here in the US), again, for the unteenth million time, have so miserably miserably failed.

It used to be if you were an environmentally-conscious company it was (falsely) assumed you were losing money. Finally the tables have turned and it becoming apparent that it is the environmentally-damaging companies that are really at risk of losing the bottom and top lines.

Global warming is happening, there is not doubt about it. And like anytime in history when an organism fails to adapt to the new climate, they die (think dinosaurs... which seem to have a lot in common with some companies.)

Now think about it, if you were an investor during the late Cretaceous period, would you have placed a bet on dinosaurs?

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