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<i><font size="+1"><b>June 8, 2020</b></font></i><br>
<br>
[Financial Times warning]<br>
<b>Threat from climate change to financial stability bigger than
Covid-19</b><br>
Report urges capital requirement rules for banks lending to fossil
fuel groups to be tightened<br>
<br>
Climate change poses a bigger threat to financial stability than the
coronavirus pandemic and the rules on bank lending to fossil fuel
groups must be tightened to address it, a new report has warned...<br>
- - <br>
Finance Watch is calling on the European Commission to impose its
higher risk weightings now, and hopes the Basel Committee and the
Financial Stability Board will promote a similar approach globally.<br>
<br>
"Given the short time available, there is a need for decisive and
immediate regulatory action, using prudential tools already
available," Mr Philipponnat said.<br>
<a class="moz-txt-link-freetext" href="https://www.ft.com/content/710cc474-15f7-4db0-8d54-a50f161f76bb">https://www.ft.com/content/710cc474-15f7-4db0-8d54-a50f161f76bb</a><br>
<br>
<br>
[Agence France-Presse]<br>
<b>As Permafrost Melts It's Unleashing Ancient Viruses, Carbon - And
Now Fuel Spills</b><br>
JEAN-PHILIPPE CHOGNOT - 7 JUNE 2020<br>
Melting permafrost, suspected by Russia of being behind an
unprecedented fuel spill that has polluted huge stretches of Arctic
rivers, is a time bomb threatening health and the environment, and
risks speeding up global warming.<br>
<br>
On May 29, 21,000 tonnes of diesel fuel spilled from a reservoir
that collapsed which Russian metals giant Norilsk Nickel owns
through a subsidiary.<br>
<br>
Norilsk, one of the country's biggest industrial centres, lies above
the Arctic circle and Norilsk Nickel and Russian officials have said
they had suspect permafrost thawing.<br>
- - <br>
A permafrost thaw could be a boon for the oil and mining industries,
providing access to previously difficult-to-reach reserves in the
Arctic. But in disturbing the subsoil too deeply, they could awake
the viruses, scientists warn.<br>
<br>
The melting permafrost also presents a serious and costly threat to
infrastructure, risking mudslides and damage to buildings, roads and
oil pipelines.<br>
<a class="moz-txt-link-freetext" href="https://www.sciencealert.com/as-permafrost-melts-ancient-viruses-and-now-fuel-spills-are-being-unleashed">https://www.sciencealert.com/as-permafrost-melts-ancient-viruses-and-now-fuel-spills-are-being-unleashed</a><br>
<br>
<p><br>
</p>
[Video opinion]<br>
<b>David Brooks: America Is In The Middle Of A Climactic Shift,</b><br>
video <a class="moz-txt-link-freetext" href="https://youtu.be/2gyJZHEtSWk">https://youtu.be/2gyJZHEtSWk</a><br>
partial transcript:<br>
<blockquote>DAVID BROOKS: I sort of think of it as a hurricane
that's happening in an earthquake. The earthquake started in 2014
with Ferguson, with a lot of terrorist killings, then with the
election of Donald Trump. And we saw ravines open up in our
society. We saw divides in politics. We saw racial divides,
economic divides, obviously.<br>
<br>
And into this comes first a pandemic, just pouring water and
exposing all the divides, and then this killing, this murder,
which exposes them more. And then you get this generational
turnover. You have had a generation of people under 35 who've seen
the financial crisis, who've seen a bit of the war in Iraq maybe,
but who've seen nothing on global warming.<br>
<br>
And so this is a generation that is fed up. And, frankly, a lot of
people in the African-American community are fed up. The word I
keep hearing is exhausted.<br>
<br>
And so I do think, when you calculate the depth of the ravines
that are being exposed, with a generational change, with a sense
of America finally turning to race as maybe the central storyline
in our history or our story right now, these are just big, epic
shifts.<br>
<br>
And I do think it's like one of those big shifts that happen
periodically in American history, '68 or 1890 or 1830. And I think
we're in the middle of something -- I agree with Mark. I think
it's not just a moment. It's a climactic shift...<br>
<br>
Yes, I look at the polls.<br>
<br>
And we never used to get polls where it was 50 -- where it was
above 55 percent for anything. We were completely an evenly
divided country. And now we had a poll, PBS/Marist poll, 67
percent disapproving of the way Donald Trump is reacting to this
moment, 67 percent reaction to the lockdown.<br>
<br>
We had 67, 77 percent. Again and over the course of the last three
months, we have had polls in the 60s and 70s. It looks to me like
we're a less divided country than they were, Joe Biden opening up
now an eight-point lead on the average polls.<br>
<br>
So, I mean, the dumb thing to say is, we're moving left. And the
pandemic and this event have just underlined the inequalities in
America. And whether you like it or not, I just think that's the
reality, if you look at the evidence...<br>
<br>
I do. I mentioned the polling.<br>
<br>
But, listen, he's been a bully for a long time, but he was a bully
over Twitter, and maybe he was a bully to the press. But now he's
using U.S. troops to be a bully.<br>
<br>
I think what set General Mattis off was just watching the
military, which is a fine, unprofessional and unpoliticized -- I
mean, professional, but unpoliticized organization, suddenly
turned into a prop in a campaign video. And I think that turned
his stomach, as it should turn all our stomachs.<br>
<br>
But I think what mystifies me -- and it goes back to what you were
talking about with Mayor Garcetti -- is, you have a president
who's taken this authoritarian line of domination, be dominant,
unleash vicious dogs and dangerous weapons.<br>
<br>
And that's not only just talk anymore. And it swings through the
Republican Party and Senator Tom Cotton's tweets about no quarter
given. We're going to dominate our fellow citizens, as if they are
enemy.<br>
<br>
And then I think it bleeds down to the police and the videos we
have already seen tonight. It's a theme that is coming from the
top, from the White House, a theme of brutalism, of mental
brutalism. And it affects people.<br>
<br>
And what we have seen coming out of the White House has been a
more dangerous contagion than even with all the outrages of the
past.<br>
</blockquote>
<a class="moz-txt-link-freetext" href="https://www.realclearpolitics.com/video/2020/06/06/david_brooks_america_is_in_the_middle_of_a_climactic_shift.html">https://www.realclearpolitics.com/video/2020/06/06/david_brooks_america_is_in_the_middle_of_a_climactic_shift.html</a><br>
<br>
<p><br>
</p>
[I once lived in Phoenix]<br>
<b>Study says Phoenix reservoirs are resilient to warming,
scientists warn risks remain</b><br>
Ian James, Arizona Republic - June 7, 2020<br>
Scientists have found that climate change is playing a big role in
shrinking the flow of the Colorado River, but recent research
suggests Arizona's reservoirs on the Salt and Verde rivers could
fare better as temperatures continue to rise. <br>
<br>
The findings back the assurances of water managers at Salt River
Project that their system of reservoirs appears to be relatively
resilient in the face of climate change.<br>
<br>
Some climate scientists still caution that uncertainties remain and
that the Salt and Verde rivers could be hit hard as the burning of
fossil fuels continues to heat up the planet. <br>
<br>
Across the American West, rising temperatures have begun to
intensify droughts and add to the strains on water supplies. To
assess the potential effects and worst-case scenarios in central
Arizona, Salt River Project's hydrologists and meteorologists teamed
up with the federal Bureau of Reclamation to study how higher
temperatures in the coming decades will likely affect reservoirs
that supply cities in the Phoenix area.<br>
- -<br>
Murphy has studied megadroughts of the past using tree rings, and
those droughts have lasted up to about 30 years. He said the latest
series of dry years began in 1995, and the past two wet years
suggest that probably "this could be the end of the megadrought."<br>
<br>
Other climate scientists pointed out that warming is projected to
continue to increase the odds of drought and megadrought across the
region. They said that likely means trouble for the Salt and Verde
rivers, as well as the entire Southwest.<br>
<br>
Jonathan Overpeck, a climate scientist at the University of
Michigan, said he defers to SRP's experts on their findings but that
the big caveat is what will happen with winter precipitation as
temperatures continue to climb.<br>
<br>
"It's exactly that decrease in precipitation during the cool season,
which is when you really need it, that is going to endanger water
supplies in those watersheds," Overpeck said.<br>
<br>
Climate models have projected that cool-season storm tracks would
move north, and that shift has begun to be observed as the planet
gets warmer, Overpeck said.<br>
<br>
"Climate models indicate it could get a lot worse if greenhouse gas
emissions continue. The more fossil fuels we burn, the more carbon
dioxide we put in the atmosphere, and the less it will snow and rain
in Arizona," he said, and other parts of the Southwest during the
cooler months.<br>
<a class="moz-txt-link-freetext" href="https://www.azcentral.com/story/news/local/arizona-environment/2020/06/07/phoenix-srp-reservoirs-resilient-climate-change/3136369001/">https://www.azcentral.com/story/news/local/arizona-environment/2020/06/07/phoenix-srp-reservoirs-resilient-climate-change/3136369001/</a><br>
<p><br>
</p>
<p><br>
</p>
[Sea level rise - 42 minute video]<br>
<b>Rising threat from the seas | DW Documentary</b><br>
Jun 6, 2020<br>
DW Documentary<br>
How high will the oceans rise due to climate change? The projections
are the subject of dispute, with scientists continually correcting
their estimates upward. Is this just panic-mongering or are these
scenarios within the realm of possibility?<br>
<br>
Can we make any reliable predictions about the world's oceans? If
all the ice in Antarctica and Greenland were to melt, sea levels
would rise by more than 66 meters. The consequences for coastal
populations are gradually becoming clear. By 2100, coastlines around
the world could change radically. The research being conducted by
marine scientists will decide how affected regions can prepare for
the disaster on the horizon. At what point will governments have to
consider evacuating areas on the basis of cost-damage analyses? It
is a process that has already begun in places like the United
Kingdom.<br>
<a class="moz-txt-link-freetext" href="https://www.youtube.com/watch?v=foXMXCAgKq4">https://www.youtube.com/watch?v=foXMXCAgKq4</a><br>
<p><br>
</p>
<p><br>
</p>
[Digging back into the internet news archive]<br>
<font size="+1"><b>On this day in the history of global warming -
June 8, 1990 </b></font><br>
<br>
The Massachusetts Institute of Technology hosts a global-warming
debate between climate scientist Stephen Schneider and climate
denier Dick Lindzen. Reporting on the debate the next day, the
Boston Globe notes:<br>
<blockquote>"A long-anticipated showdown at the Massachusetts
Institute of Technology yesterday between two prominent voices in
the global-warming debate brought little agreement about the
reliability of current predictions for the rate and magnitude of
climate change. But despite the seriousness of the topic, the
event did provide a theatrical and sometimes humorous presentation
of the arguments on either side.<br>
<br>
"Underscoring the range of scientific opinion on the issue, the
organizers put MIT meteorologist Richard Lindzen on one side and
climate researcher Stephen Schneider of the National Center for
Atmospheric Research on the other side of a table divided down the
middle. Schneider, who believes there is a better-than-even chance
of 'unprecedentedly fast climate change' in the next century, sat
at the red end in front of a palm tree, while Lindzen, one the
most vocal skeptics, commanded the blue extreme before a scraggly
spruce. The moderator straddled the border.<br>
<br>
"These models are made up of equations that are meant to represent
the important physical processes -- such as motion and heat
transport in the atmosphere -- that work together to create
weather and climate. Based on the work of five climate modeling
teams in the United States and Britain and forecasts of energy
use, scientists have projected that the earth's average
temperature will rise between 3 and 9 degrees Fahrenheit by the
middle of the next century. While such a temperature rise might
not sound like much, climate researchers say that such a sharp
rise in global temperature in such a short time almost certainly
would cause major shifts in climate."<br>
</blockquote>
Ref -
<a class="moz-txt-link-freetext" href="https://journals.ametsoc.org/doi/pdf/10.1175/1520-0477%281990%29071%3C1292%3ATGWDHU%3E2.0.CO%3B2">https://journals.ametsoc.org/doi/pdf/10.1175/1520-0477%281990%29071%3C1292%3ATGWDHU%3E2.0.CO%3B2</a><br>
<br>
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