FAST FIVE: Shellenberger: The Real Threat To Banks Isn't From Climate Change, It's From Bankers

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“How Bad Are Weather Disasters for Banks?” asks the title of the report by three economists.

The New York Fed's authors only looked at how banks have dealt with disasters in the past, and what they wrote isn't likely to be the final word on the matter.

“Carney said the alliance will put global finance on a trajectory that ultimately leaves high-carbon assets facing a much bleaker future,” wrote a reporter with Bloomberg.

Former NRDC head, Gina McCarthey, now heads up Biden's climate policy team, and Biden's top economic advisor, Brian Deese, last worked at BlackRock, and almost certainly will return at the end of the Biden Administration.

It has a supernatural element: the belief that natural disasters are getting worse, killing millions, and threatening the economy, when in reality they are getting better, killing fewer, and costing less.

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