this post was submitted on 08 May 2025
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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.