Goldman Sachs ... acknowledges the value of
"ecosystem services" ...
Selected quotes from the article...
"A number of oil and auto executives have said privately that they can
make the transition to clean energy, but they need government to
regulate them so they can make the change in lockstep with no loss of
market share. Others are willing to move forward, sensing opportunity
in being greener first."
"According to Gelbspan, the immediate impetus comes from the escalating
losses of the world's property insurers to floods, droughts and
increasingly destructive storms."
"Gelbspan continued, "Seen in a larger context, it seems that their own
strategic needs require banks, insurers and financial institutions to
take a longer view of the health of the capitalist system. Most
individual companies, by contrast, are obligated to respond to
shorter-term concerns about their quarterly or annual earnings and
losses. So it falls to the world's financial institutions to protect
the long-term viability of the economy."
4:29:42 PM 
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