"Recent reporting by Scientific American has found that finance titans Morgan Stanley, JPMorgan Chase and the Institute of International Finance have all but given up on building a sustainable future."
"Morgan Stanley analysts wrote in an analysis of HVAC stock futures, echoing an earlier analysis by JPMorgan Chase, which noted that we're in a 'new climate era' thanks to the certainty of global warming."
Major financial institutions are shifting focus away from sustainable practices towards profit-making in a warming world. Key players like Morgan Stanley and JPMorgan Chase are investing in sectors such as air conditioning, abandoning clean energy initiatives. The recent Scientific American report signifies a consensus among Wall Street that climate goals, such as those outlined in the Paris Agreement, are increasingly unattainable due to significant temperature rises, with analysts now projecting a troubling 3-degree Celsius world ahead, exacerbated by policy shifts and denials from political figures.
Read at Futurism
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