When Reality
Overtakes Theory
Climate Risk and Fiduciary Responsibility
On February 13, Director of National
Intelligence Dan Coates gave written
testimony to Congress outlining his
assessment of risks facing the United
States in 2018
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. Ranging across familiar
topics such as weapons of mass
destruction and terrorism, Secretary
Coates also highlighted less obvious
issues including cybersecurity, disruptive
technology, and climate change. >
Noting that the past 115 years have
been the warmest period in the
history of modern civilization, and
that the recent few years have been
the warmest on record, the testimony
concludes that "the impacts of the
long-term trends toward a warming
climate…are likely to fuel economic
and social discontent…through 2018."
NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT MANAGERS
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Jack Davis, Director of RE Tech Advisors