The National Oceanic and Atmospheric Administration will no longer track the cost of climate change-fueled weather disasters, including floods, heat waves, wildfires and more. It is the latest example of changes to the agency and the Trump administration limiting federal government resources on climate change.
NOAA falls under the U.S. Department of Commerce and is tasked with daily weather forecasts, severe storm warnings and climate monitoring. It is also parent to the National Weather Service.
The agency said its National Centers for Environmental Information would no longer update its Billion-Dollar Weather and Climate Disasters database beyond 2024, and that its information — going as far back as 1980 — would be archived.
Depends. Some of their CEOs will shamelessly bow to the party line, though not all. Definitely not Berkshire-Hathaway.
What do you mean? They have to update their risk models or they’ll go out of business unless I’m misunderstanding.
They will have to pick between lip service (and hiding the changes by, say, quietly pulling out of places?) and government retribution. Mark my words, at some point they will go after any kind of “climate agenda.”
And that balance will depend on leadership. I mentioned Berkshire specifically because (at the top level, at least) they’re pretty old school with a low tolerance for nonsense, and big enough to eat the retribution.
Uh, no they won’t?
The entire business model of insurance is to understand risk and assign a cash-value to it. Ignoring risk means their business model falls apart. They’re not going to ignore risk, in any dimension. And if they’re MADE to “ignore” risk in a particular dimension… they’re still going to analyze it and have actuarial tables around it, and will instead just factor it in by raising prices across the board.
I guess they can raise costs across the board, though if they don’t all do this then most customers would leave to the competition.
No they’ll just say what the government wants and do what they have to anyway. Hypocrisy is the way they operate already.
Trump only gives a shit about what people say publicly anyway. It’s the single most important thing for him.