Traders ignoring climate change may be in for a shock — and BlackRock says America's aging utilities are most at risk
Business Insider
Published Apr 18, 2019 07:49AM ET
Updated Apr 18, 2019 09:44AM ET
- US utilities are at increasing risk of damage to their plants and stock price as climate change ups the likelihood of extreme weather events.
- Investors in these stocks could face "significant portfolio damage" one investing expert says, if investment decisions aren't aligned with climate risk.
- Utilities which fail to prepare for climate change related increases in extreme weather events trade at a discount and could impact investors in the long term, according to BlackRock (NYSE:BLK) research.
Climate change is here.
And investing gurus are sounding the alarm for investors about the looming impact on publicly owned US utilities, which looks to bear the brunt of changes in the earth's climate. utilities forced to stop electricity generation from hydropower, due to forced water re-allocations and insufficient water flows — highlighting the scale of the issue already.
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Written By: Business Insider
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