> ...
> More evidence that the academic institution is increasingly broken and driven by dogma.
To be fair, "he" in your quote is Peter Giger, chief risk officer for the Zurich Insurance Group, not a scientist. Second, he did say "climate change and other pressures".
When Blackrock's CEO states his firm will divest away from fossil fuels in 2020, this has (sadly imo) roughly the impact of e^9 climate scientists ringing alarm bells for a decade.
At this point it's cheaper to build new sustainable energy plants (and sadly natural gas) than to maintain running coal plants.
Couldn’t be more false. Existing coal companies can easily make money for investors when they trade at earnings yields of 25%. no new coal plants need to be built. Coal can even be phased out. If you get 6-7 more years of earnings at a flattish 25% earnings yield you can do very well. This is why deep value investing works on average.
https://www.blackrock.com/corporate/investor-relations/black...
Often more than you'd think. Merkel is a Physicist (where Thatcher was a Chemist), Ursula von der Leyen is a licensed doctor (which almost counts?), and Abe Shinzō has a political science degree (which probably doesn't count :-D). That's 2.5 members of the G8ish.
If a politician claims they have a scientific background, but it turns out all they did was take gen bio in first year and follow a dozen popular scientists on Twitter, they'd be derided.