Friday, 12 December 2025

"A climate-risk industrial complex has emerged in this space and a lot of money is being made by a lot of people."

"Climate advocates have embraced the idea of a climate-fuelled insurance crisis as it neatly ties together the hyping of extreme weather and alleged financial consequences for ordinary people. The oft-cited remedy to the claimed crisis is, of course, to be found in energy policy: 'The only long-term solution to preserve an insurable future is to transition from fossil fuels and other greenhouse-gas-emitting industries.'

"However, it is not just climate advocates promoting the notion that climate change is fundamentally threatening the insurance industry. A climate-risk industrial complex has emerged in this space and a lot of money is being made by a lot of people. The virtuous veneer of climate advocacy serves to discourage scrutiny and accountability."

~ Roger Pielke Jr. from his post 'The Climate-Risk Industrial Complex and the Manufactured Insurance Crisis' [hat tip Andy Revkin]

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