Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

How Big Business Is Hedging Against the Apocalypse

nytimes.com

Post reply on HN
Print view View original

51–60 of 68 posts

Re: How Big Business Is Hedging Against the Apocalypse

#51

Post by brandmeyer »

_bxg1 wrote: post #33

> We are, he says, in the midst of a historic period of mispricing. Because the global economy depends on hydrocarbons, practically every asset in the world relates in some way to oil and gas. Grantham believes hydrocarbons will be priced, or regulated, into submission. In light of that belief, not only oil companies’ stock but practically everything else on the market looks falsely inflated. Good. Let their money bu…

The flip side of this coin is that there are trillions of dollars of self-interest in ensuring that those resources get mined out and sold.

Re: How Big Business Is Hedging Against the Apocalypse

#52

Post by D_Alex »

_bxg1 wrote: post #33

> We are, he says, in the midst of a historic period of mispricing. Because the global economy depends on hydrocarbons, practically every asset in the world relates in some way to oil and gas. Grantham believes hydrocarbons will be priced, or regulated, into submission. In light of that belief, not only oil companies’ stock but practically everything else on the market looks falsely inflated. Good. Let their money bu…

Coal should be the starting point.

>Let their money burn.

Unfortunately, it will not be just "their money" if the economy has a hard time weaning itself off oil and gas. It will be everybody's money, and lifestyle.

Re: How Big Business Is Hedging Against the Apocalypse

#53

Post by throwaway_9168 »

massivecali wrote: post #40
blackoil wrote: post #19

Earlier quoted context omitted.

And, 1st world countries dump their trash in 3rd world countries. Also, they ignore that there 1st world status is fueled by unsustainable development over last couple of centuries.

What third world company do we dump our trash in? AFAIK we sell it to them.

>> AFAIK we sell it to them

That implies there are other buyers who are happy to pay money to take it, doesn't it? That doesn't seem to be happening though:

https://qz.com/117151/us-states-banned-from-exporting-their-...

I suppose some countries agree to take the trash in return for some kind of economic favor from the US?

Re: How Big Business Is Hedging Against the Apocalypse

#54

Post by _jahh »

joncrane wrote: post #37
hnmullany wrote: post #35

Earlier quoted context omitted.

It's going to be pretty hard to defend it. It's built on porous limestone. So water's going to bubble up everywhere - not like defending NYC

I think he means invest in seawall manufacturing companies, as opposed to some bizarre financial instrument that allows you to profit from the demise of an entire city.

As parent mentioned Miami can’t be protected with sea walls because the geology allows water to seep up and will drown the first floor of buildings with any sea level rise

Re: How Big Business Is Hedging Against the Apocalypse

#55

Post by drilldrive »

nanaboo wrote: post #6
thatfrenchguy wrote: post #5

Earlier quoted context omitted.

Or the world will wake up and trial those people ?

can't wait for it to happen. Tzar Russia and the French Revolution all over. except it won't be pitch and forks but high-tec weapons vs masses

You may be underestimating the power of Guerilla warfare.

Re: How Big Business Is Hedging Against the Apocalypse

#56

Post by anonuser123456 »

swayvil wrote: post #14

Capitalism destroys the environment by design. I mean the profit-and-loss equation literally works out to "sacrifice everything". Check out the coast of the Dominican Republic : https://gfycat.com/mistyacrobaticbonobo-r-sciences

Yeah, Milton Friedman totally said this and never said a word on effluent taxes.

Re: How Big Business Is Hedging Against the Apocalypse

#57

Post by plankers »

D_Alex wrote: post #52
_bxg1 wrote: post #33

> We are, he says, in the midst of a historic period of mispricing. Because the global economy depends on hydrocarbons, practically every asset in the world relates in some way to oil and gas. Grantham believes hydrocarbons will be priced, or regulated, into submission. In light of that belief, not only oil companies’ stock but practically everything else on the market looks falsely inflated. Good. Let their money bu…

Coal should be the starting point. >Let their money burn. Unfortunately, it will not be just "their money" if the economy has a hard time weaning itself off oil and gas. It will be everybody's money, and lifestyle.

Great, let our money burn. Will be worse for those with money to lose!

Re: How Big Business Is Hedging Against the Apocalypse

#58

Post by bernardv »

There is increasing recognition by institutional investors that climate change risk is a factor which must be measured and managed. While there are opportunistic trades to be had, the sheer volume of pension fund money slowly shifting to de-risk will have significant impact on industry.

Re: How Big Business Is Hedging Against the Apocalypse

#59

Post by bernardv »

gridlockd wrote: post #41
1e-9 wrote: post #20

The title is misleading as the article doesn't really describe hedging. It gives examples of various individuals and groups who are placing increasing value on technologies and resources related to global warming. Their investments naturally reflect their assessments, which is actually a good thing. If global warming is happening, then price adjustments are needed to encourage conservation, the search for alternative…

Global warming itself is an externality, it's not priced by the market. If you buy into solar for example, you profit from the energy it produces (which is disjoint from global warming) and/or from the price put on global warming by a government. The developments are absolutely dependent on the ongoing doomsday hype (the world ends in 12 years you guys!), not global warming itself. The only thing that I can see the m…

Depending where you live, be sure that your homeowners insurance will cost you more. The repricing will happen quicker than you might think.

Re: How Big Business Is Hedging Against the Apocalypse

#60

Post by bernardv »

ForHackernews wrote: post #22

If you're interested in this area, Oasis Loss Modelling Framework is an open-source effort by the insurance industry to try and understand the risks associated with climate change and other catastrophes: https://oasislmf.org/our-modelling-platform

Or Air Worldwide, or RMS, KatRisk, CoreLogic.
Post reply on HN