Polluters and insurers ready to fight global warming

July 13th, 2009 by Rhiannon Bowman in Biz, News

No surprise here. As with most things in the corporate world, they’ll do what it takes to protect their money.

Insurers in the U.S., Germany and Switzerland say a pledge announced yesterday at a meeting of the world’s biggest polluters to limit global temperatures is essential to controlling the cost of protecting property.

Munich Re, the biggest reinsurer, and Zurich Financial Services AG back the target set by the European Union, the U.S. and 15 more nations to hold the planet to within 2 degrees Celsius (3.6 Fahrenheit) of pre-industrial times.

The 17-member group, acting on scientific forecasts that excessive warming may spark more severe weather, set the goal as the centerpiece of their declaration in L’Aquila, Italy, after meetings led by U.S. President Barack Obama. The 2-degree cap, supported by the EU since 1996, has gained acceptance from insurers, one of the first corporate converts.

More from Bloomberg.com.

The Blue Man Group’s take on global warming:

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5 Responses to “Polluters and insurers ready to fight global warming”

  1. Frank Griffin Says:

    The only thing about to be controled is our money. The CO2 might get controlled. The world temperature is going to do what it is going to do reguardless of what we do.

    We need to cut ot the chase, grab a lance and try to knock over a few windmills.

  2. Frank Griffin Says:

    What a joke of a new title. Saves money my **S. Any reputable study shows that Green power costs money and jobs. Now you could possibly cherry pick some small special situation and have green power come out better like a cabin 5 miles off the grid but for 99.9% of all cases green power hurts our country economically.

  3. Daniel Says:

    Frank, are you drunk posting again? Who are you talking to? Did you know that you’re under survelliance? You’re one of those whacked Righty-Tighties we’ve been warned about, aren’t you? Bet their watching you right now. They can hear you thinking bad things. They’re going to raise your taxes and triple the price of your vitamins. Watch out, Frank. I think you misquoted Rush.

  4. Frank Griffin Says:

    Poor poor Daniel, I am the guy that is probably watching you but that is not the point. Why not prove me wrong instead of coming empty handed with lame personal attacks. You are a dime a dozen Daniel. Up your game by contributing something to the discussion.

  5. Carl Victor Says:

    The big burning ball of gas is the cause not my car, Moron!

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