Scientists have been saying for long that global warming will be hitting the world’s economy hard! It must has started revealing the consequences directly. If you are minting money out of an emissions-intensive company or facilities exposed to severe weather damage or a water-intensive industry, like agriculture, then be aware! – global warming is going to hit you the hardest!
The biggest mining companies in the world – like BHP Billiton and Rio Tinto – are among those six biggest listed Australian companies risking from global warming! The other four companies predicted vulnerable to climate change are Bluescope Steel, Caltex, Iluka and OneSteel.
Vulnerable too, are the transport giant Toll Holdings and insurance groups QBE and IAG.
Citigroup researchers have also concluded that there are also firms going to benefit the most form climate change by contrast! Increasing global warming is providing a sigh of relief to companies like Investa Property, Origin Energy and metals recycler Sims Group.
If you are making business in alternative energy, sustainable property, recycling, innovative financial institutions or healthcare company, then you are a gainer from the changing climate.
Examining the ASX 100 for risks and opportunities from global warming, the Citigroup researchers have released a report yesterday. According to it, the profits of the companies are challenged by two factors — carbon and dramatic weather pattern changes.