, Columnists
Climate Change Is a Financial Crisis, Too
Regulators must act to prepare the system.
This could get really expensive.
Photographer: Thomas B. Shea/Getty ImagesThis article is for subscribers only.
The people who oversee America’s financial system seem to think that climate change isn’t their problem. As one official quipped in recent congressional testimony, he’s “not a meteorologist or a climate scientist.”
They should think again. By failing to take action, regulators are leaving the country exposed to a devastating crisis.