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Climate Change: Blackrock Says Utilities At Highest Risk

by businessinsider.com posted 4months ago 11 views
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 that fail to prepare for climate-change-related increases in extreme weather events trade at a discount and could affect investors in the long term, according to BlackRock research. Climate change is here.

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