Day: November 9, 2019

Why the Fed, Long Reticent, Has Started to Talk About Climate Change

An increase in severe weather events could lead to bank failures as property prices rapidly adjust, stoke uncertainty and harm economic growth. That makes global warming and its fallout relevant to the Fed, which is responsible for both financial regulation and for guiding the nation’s economy toward full employment and stable prices. New York Times

Flood of Oil Is Coming, Complicating Efforts to Fight Global Warming

A surge of oil production is coming, whether the world needs it or not. The flood of crude will arrive even as concerns about climate change are growing and worldwide oil demand is slowing. And it is not coming from the usual producers, but from Brazil, Canada, Norway and Guyana — countries that are either not known for oil or whose production has been lackluster in recent years. New York Times