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A couple of days ago Chubbs Insurance Company stated they would no longer fund any coal plants for construction
because of climate change issues. If 90% of the capital of the world is owned by billionaires, then these individuals will be the first to suffer large losses due extreme weather events.
The one percent, four percent maybe heartless, but they are not blind and should be able to read the economic writing
on the wall. War destroys assets. It makes little sense to destroy what can yield more profits, especially with dwindling
assets available due to over consumption and now climate change acting more destructively and effectively than war.
Think the insurance industry will also become a force out of necessity to steer policy away from business as usual out survival. Think the motives of these billionaire types are similar. If anything, this is finally hitting them where it counts and motivates them: in the wallet – the only place they are vulnerable.