Climate Change Needs Government Push in Global Investors’ Poll - Bloomberg.com
Dissenting from a consensus in Asia and Europe, almost two- thirds of U.S. investors say climate change is a minor danger or “no real threat,” according to the first Quarterly Bloomberg Global Poll. In Asia, 61 percent say higher global temperatures are a major problem, and 56 percent in Europe agree.
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...U.S. investors such as Ted Madaj of Schaumburg, Illinois, expressed doubts about the need for action and concern about the impact on earnings.
“We have had the coolest summer in my life so far this year, and we have to rush?” said Madaj, 54, a portfolio manager. “Someone in government ought to take a step back and think. What government action helps corporate profits?”
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...In the U.S., 58 percent say profits would be hurt, compared with 33 percent among Europeans and 22 percent among Asians.
“In the U.S., very few see that the opportunity to build new businesses and create new jobs in transforming to green manufacturing could pay off for those engaged in those markets,” said J. Ann Selzer, president of Selzer & Co. of Des Moines, Iowa, which conducted the poll. “Asian respondents are three times as likely as their U.S. counterparts to forecast opportunities for profit.”
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