curated news excerpts & citations
… trying to ‘unbury the lede’
Laura Millan, Alastair Marsh, Olivia Rudgard, Kyle Stock @ Guardian:
Banks Start Reviewing Clients’ Loan Terms as El Niño Builds
The powerful droughts and floods arising from a developing turbo-charged El Niño are damaging crops, leaders lenders to assess the credit risk.
Also vulnerable to the flooding that’s becoming more frequent with climate change are the UK’s prisons, according to findings from public auditors — part of their examination of the country’s financial exposure to extreme weather.
…
Concerns among banks follow warnings from money managers that the intensity of the current El Niño cycle will leave investors nowhere to hide, as the weather phenomenon disrupts commodities supplies, drives inflation and widens trade deficits.
And on a positive note, the latest episode of Bloomberg Originals’ Primer video series takes us to Ethiopia, which is transitioning to electric vehicles faster than any other country in the world.
(Laura Millan, Alastair Marsh, Olivia Rudgard, Kyle Stock @ Guardian more…)
Allison Marsh @ IEEE Spectrum:
When Electric Cars Were for WomenSara Braun @ Guardian:
You can go your own way: US diverges from world on emergency preparednessAs governments urge public to prepare for cyber-attacks and natural disasters, US focuses on military preparation
(more…)

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